Press coverage about Cincinnati Financial (NASDAQ:CINF) has been trending very negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cincinnati Financial earned a news sentiment score of -3.00 on their scale. InfoTrie also assigned press coverage about the insurance provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Cincinnati Financial’s score:
- Cincinnati Financial Corp. Q1 adjusted earnings Beat Estimates (markets.businessinsider.com)
- Cincinnati Financial Q1 NWP up 10% on price increases, growth initiatives (seekingalpha.com)
- Cincinnati Financial Q1 2019 Earnings Preview (seekingalpha.com)
- Cincinnati Financial Co. (CINF) Expected to Announce Earnings of $0.94 Per Share (americanbankingnews.com)
Several analysts have weighed in on CINF shares. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 5th. Zacks Investment Research cut Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $89.00.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 6th. The insurance provider reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.14. Cincinnati Financial had a return on equity of 6.86% and a net margin of 5.31%. The firm had revenue of $710.00 million for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $0.93 EPS. The business’s quarterly revenue was down 49.7% compared to the same quarter last year. As a group, equities analysts predict that Cincinnati Financial will post 3.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 20th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.53. This represents a $2.24 annualized dividend and a dividend yield of 2.55%. Cincinnati Financial’s payout ratio is currently 66.87%.
In other news, Director Dirk J. Debbink purchased 351 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were bought at an average cost of $85.48 per share, for a total transaction of $30,003.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.16% of the company’s stock.
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Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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