NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $37.93, above its previous 52-week high of $37.69 with 59,547 shares traded as of 9:35 a.m. ET. Average volume has been one million shares over the past 30 days.
Cincinnati Financial has a market cap of $6.01 billion and is part of the
industry. Shares are up 21.8% year to date as of the close of trading on Thursday.
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 31.6, 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
. 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
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