Janney Montgomery Scott initiated coverage of Cincinnati Financial with a Neutral rating and $110 fair value estimate. Based on performance expectations relative to peers, the shares are modestly overvalued, the analyst tells investors in a research note. The firm says Cincinnati Financial’s operating consistency and stability is exemplified by 63 consecutive years of shareholder dividend increases and 34 straight years of favorable loss reserve development.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CINF:
- Cincinnati Financial initiated with a Neutral at Citi
- Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
- Cincinnati Financial initiated with a Perform at Oppenheimer
- Cincinnati Financial price target raised to $110 from $105 at Piper Sandler
- Cincinnati Financial reports Q3 adjusted EPS $1.66 , consensus $1.15