Breaking Finance News

A statement released earlier today by RBC Capital Markets about Cincinnati Financial (NDAQ:CINF) bumps the target price to $72.00

Having a price of $69.77, Cincinnati Financial (NDAQ:CINF) traded -1.05% lower on the day. With the last stock price close down 4.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.01% over the same period. The company has recorded a 50-day moving average of $77.35 and a 200-day moving average of $73.28. 555,038 shares of the stock were exchanged, up from an average trading volume of 493,839

Stating a potential upside of 0.03%, RBC Capital Markets upped the price target of Cincinnati Financial (NDAQ:CINF) to $72.00

See Chart Below

Cincinnati Financial (NDAQ:CINF)

Cincinnati Financial has a 52 week low of $68.11 and a 52 week high of $81.98 with a P/E ratio of 21.94 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its target price, a total of 4 firms have issued a report on the stock. The consensus target price is $66.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Cincinnati Financial (NDAQ:CINF)

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers' compensation and other commercial lines. Its personal lines property insurance segment writes personal lines coverage in accounts that include both auto and homeowner coverages, as well as coverages that are part of its other personal business line. The excess and surplus lines Insurance segment covers business risks with characteristics, such as the nature of the business or its claim history that are difficult to profitably insure in the standard commercial lines market. The life insurance business lines include term life insurance, universal life insurance, worksite products and whole life insurance.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *