RBC Capital Keeps a Hold Rating on Cincinnati Financial Corp

By Ryan Adsit

In a report released today, Mark Dwelle from RBC Capital reiterated a Hold rating on Cincinnati Financial Corp (NASDAQ: CINF), with a price target of $72. The company’s shares opened today at $75.90.

According to TipRanks.com, Dwelle is a top 100 analyst with an average return of 14.6% and a 85.2% success rate. Dwelle covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and Marsh & Mclennan Companies.

Cincinnati Financial Corp has an analyst consensus of Hold, with a price target consensus of $71.

Based on Cincinnati Financial Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.52 billion and quarterly net profit of $201 million. In comparison, last year the company earned revenue of $1.37 billion and had a net profit of $123 million.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CINF in relation to earlier this year. Most recently, in May 2017, David Osborn, a Director at CINF bought 1,925 shares for a total of $134,750.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cincinnati Financial Corp. engages in the provision of property casualty and life insurance services. It operates its business through following segments: Commercial Lines Insurance; Personal Lines Insurance; Excess and Surplus Lines Insurance; Life Insurance; and Investments.