Piper Sandler analyst Paul Newsome maintained a Hold rating on Cincinnati Financial (CINF – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $99.68.
According to TipRanks, Newsome is a 5-star analyst with an average return of 7.3% and a 63.72% success rate. Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Kemper, and Cincinnati Financial.
Cincinnati Financial has an analyst consensus of Moderate Buy, with a price target consensus of $117.00.
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Based on Cincinnati Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.59 billion and a net profit of $534 million. In comparison, last year the company earned a revenue of $807 million and had a GAAP net loss of $818 million
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Cincinnati Financial (CINF) Company Description:
Cincinnati Financial Corp. provides property casualty and life insurance services. It operates through the following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess & Surplus Lines Insurance, Life Insurance and Investments. The Commercial Lines Insurance segment includes commercial casualty, commercial property, commercial auto, worker’s compensation, and other commercial lines insurance. The Personal Lines Insurance segment manages personal auto, homeowner, and other personal lines insurance. The Excess & Surplus Lines Insurance segment covers business risks 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 segment offers term life insurance, universal life insurance, worksite products, and whole life insurance services. The Investment segment generates revenue from the fixed-maturity investment and equity investment. The company was founded by John Jack Schiff Sr., Robert Cleveland Schiff, and Harry M. Turner in 1968 and is headquartered in Fairfield, OH.
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