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.
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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
