Cincinnati Financial (CINF) On Growth Gear: Should You Hold?
Zacks Investment Research | Sep 04, 2017 10:00PM ET
Cincinnati Financial Corporation (NASDAQ:CINF) dwells on growth prospects like strategic initiatives, improving market conditions and the ability to generate decent cash flows. The Zacks Rank #3 (Hold) property and casualty insurer holds immense potential owing to a few good growth drivers.
Growth Projections: The Zacks Consensus Estimate for earnings per share is $2.66 for 2017 and $3.03 for 2018. Though the estimate for 2017 reflects a year-over-year decline of 13.4%, the same for 2018 will rebound to 13.7% growth. Revenues for both 2017 and 2018 are expected to increase about 3% and 4%, respectively.
Northbound Estimates: The Zacks Consensus Estimate for 2017 has inched up 1.1% and 1.7% for 2018 over the last 60 days.
An Outperformer: Shares of Cincinnati Financial have gained 6.2% quarter to date, outperforming the .
Atlas Financial Holdings engages in underwriting commercial automobile insurance policies in the United States. The company delivered positive surprises in two of the last four quarters with an average beat of 57.94%
Markel Corporation markets and underwrites specialty insurance products in the United States and internationally. The company delivered positive surprises in two of the last four quarters with an average beat of 21.06%.
Mercury General Corporation engages in writing personal automobile insurance in the United States. The company delivered positive surprises in three of the trailing four quarters with an average beat of 1.06%.
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