Zacks Investment Research downgraded Cincinnati Financial Corporation (NASDAQ:CINF) to Hold in a report released today.
- Updated: September 27, 2016
Yesterday Cincinnati Financial Corporation (NASDAQ:CINF) traded 0.90% higher at $75.10. The company’s 50-day moving average is $76.10 and its 200-day moving average is $71.03. The last stock close price is up 5.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 328,643 shares of the stock were exchanged, down from an average trading volume of 575,858
Zacks Investment Research has downgraded Cincinnati Financial Corporation (NASDAQ:CINF) to Hold in a report released on 9/27/2016.
Previously on Friday July 15, 2016, MKM Partners reported about Cincinnati Financial Corporation (NASDAQ:CINF) raised the target price from $80.00 to $90.00. At the time, this indicated a possible upside of 0.18%.
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Cincinnati Financial Corporation has a 52 week low of $52.63 and a 52 week high of $78.09 with a P/E ratio of 19.45 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported 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.
About Cincinnati Financial Corporation (NASDAQ:CINF)
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments. It operates through three subsidiaries: The Cincinnati Insurance Company, CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes business, homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company, which provides life insurance, disability income policies and fixed annuities, and The Cincinnati Specialty Underwriters Insurance Company, which offers excess and surplus lines insurance products.
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