Estimates for Cincinnati Financial Corporation CINF have been revised upward over the past 30 days, reflecting analysts’ confidence in the stock. Let’s focus on the factors that make Cincinnati Financial a stock to retain for attractive returns.Improving Top Line: Cincinnati Financial has been continuously generating an improved top line, driven by higher net premiums earned as well as investment income. Growth initiatives as well as a gradual increase in insurance rates have been supporting the upside.In fact, net written premiums in 2017 witnessed a five-year CAGR of 6.8%, nearly double the property casualty’s industry rate. These initiatives make Cincinnati Financial an attractive pick for yield-seeking investors.Growth Projections: The Zacks Consensus Estimate for current-year earnings per share is pegged at $3.15, representing a year-over-year increase of 15% on 5.1% higher revenues of $5.9 billion. For 2019, the consensus mark for the bottom line stands at $3.25, translating into a 3.2% year-over-year rise while the same for the top line is projected at $6.2 billion, up 5.3%.Positive Earnings Surprise History: Cincinnati Financial flaunts a solid earnings surprise history, exceeding the Zacks Consensus Estimate in three of the last four quarters.
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Nov 15, 2018
Nov 15, 2018