Cincinnati Financial The bank reported fourth-quarter earnings of $134 million, or 83 cents a share, on Wednesday, up from year-earlier earnings of $126 million, or 77 cents per share. "Should the company be able to avoid some of the weather related losses seen in recent quarters and build further momentum with regards to pricing, results could bounce back nicely in 2012," Keefe, Bruyette & Woods analysts wrote in a Feb. 8 report. "The stock has seen a nice run YTD in 2012, thus it trades at a premium to peers, which given the strong dividend yield is appropriate, but we need to see some sustained momentum on the bottom line to become more positive on the shares near-term." Shares of Cincinnati Financial hit a 52-week high Friday of $34.65. The stock's 52-week low of $23.65 was set on Aug. 9. Cincinnati Financial has a forward P/E of 24.10X; the average among its peers is 12.20X. For comparison, Allstate ( ALL) and Progressive ( PGR) both have lower forward P/Es of 7.72X and 12.6X respectively. Six of the eight analysts who cover Cincinnati Financial rated it a hold. Two analysts gave the stock a sell rating. TheStreet Ratings gives Cincinnati Financial a B grade and has a $38.17 price target on the shares. The stock has risen 13.26% year to date.