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TheStreet Wire

Cincinnati Financial Stock Hits New 52-Week High (CINF)

By TheStreet Wire 06/07/12 - 09:59 AM EDT

Find out if (CINF) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Cincinnati Financial Corporation (Nasdaq:CINF) hit a new 52-week high Thursday as it is currently trading at $36.59, above its previous 52-week high of $36.55 with 13,141 shares traded as of 9:35 a.m. ET. Average volume has been 923,700 shares over the past 30 days.

Cincinnati Financial has a market cap of $5.73 billion and is part of the financial sector and insurance industry. Shares are up 15.8% year to date as of the close of trading on Wednesday.

Cincinnati Financial Corporation engages in the property casualty insurance business in the United States. Its Commercial Lines Property Casualty Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation. The company has a P/E ratio of 30.1, equal to the average insurance industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cincinnati Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cincinnati Financial Ratings Report.

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