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TheStreet Wire

Cincinnati Financial Reaches New 52-Week High (CINF)

By TheStreet Wire 08/14/12 - 10:39 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 Tuesday as it is currently trading at $38.57, above its previous 52-week high of $38.51 with 44,978 shares traded as of 10:15 a.m. ET. Average volume has been one million shares over the past 30 days.

Cincinnati Financial has a market cap of $6.21 billion and is part of the financial sector and insurance industry. Shares are up 25.7% year to date as of the close of trading on Monday.

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 22.9, 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 increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. 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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