Cincinnati Financial Corporation (NASDAQ:CINF) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.74 per share.
Looking ahead, the full year income are expected at $ 3.17 per share on the revenues of $ 5917.87 million.
Previous Quarter Performance
Cincinnati Financial Corporation announced income for the second quarter of $ 0.44 per share, from the revenue of $ 2,714.00 million. The quarterly earnings decreased 48.24 percent while revenues swell 41.87 percent compared with the same quarter last year.
According to street consensus, CINF was expected to report 2Q20 income of $ 0.39 per share from revenue of $ 1646.30 million. The bottom line results beat street analysts by $ 0.05 or 12.82 percent, at the same time, top line results outshined analysts by $ 1,067.70 million or 64.85 percent.
Stock Performance
On Friday, shares of Cincinnati Financial Corporation has traded high as $ 78.59 and has cracked $ 76.40 on the downward trend, reaching $ 77.40 with volume of 1.56 million shares.
According to the previous trading day, closing price of $ 77.40, representing a 66.57 % increase from the 52 week low of $ 46.07 and a 33.58 % decrease over the 52 week high of $ 115.53.
The company has a market capital of $ 12.45 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Stock Dividend Announcement
On August 14, 2020, the board of directors authorized quarterly dividend of $ 0.60 per share to holders of record as of the close of business on September 16, 2020, with payment date of October 15, 2020 and ex-dividend date on September 15, 2020.
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.
