3 P&C Insurance Stocks to Add to Your Portfolio Despite Fed Rate Cut [Yahoo! Finance]
Cincinnati Financial Corporation (CINF)
Last cincinnati financial corporation earnings: 4/27 04:05 pm
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US:NASDAQ Investor Relations:
cincinnatifinancialcorporation.gcs-web.com/investor-overview
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Source: Yahoo! Finance
This is the first time in four years that the central bank has taken such an action. The interest rate is now 4.75%-5%, down from a more than two-decade high of 5.25%-5.5%. All the major indices — the S&P 500, Dow Jones Industrial Average and Nasdaq — declined yesterday. Despite the lowered rate, Cincinnati Financial Corporation CINF, W. R. Berkley Corporation WRB and AXIS Capital Holdings Limited AXS are poised to perform well banking on prudent pricing, increased exposure, streamlined operations, global presence and a solid capital position. Insurers are direct beneficiaries of a rising rate environment. They invest a portion of their premiums. Long-tail insurers tend to gain more from rising rates as they have more time to invest their premiums and earn a higher rate of return. With a lower rate of return, investment income will suffer. As far as commercial insurers are concerned, lower interest rates can make it difficult for them to maintain adequate reserves for long-tail
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CINF
News
- Cincinnati Financial declares $0.81 dividend Nov. 15, 2024 12:21 PM ET By: Deepa Sarvaiya , SA News Editor [Seeking Alpha]Seeking Alpha
- Cincinnati Financial Corporation Declares Regular Quarterly Cash DividendPR Newswire
- Cincinnati Financial Corporation Announces Changes to Board of DirectorsPR Newswire
- Zacks Industry Outlook The Progressive, Chubb, The Travelers, The Allstate and Cincinnati Financial [Yahoo! Finance]Yahoo! Finance
- Cincinnati Financial Co. (NASDAQ: CINF) had its price target raised by analysts at Piper Sandler from $116.00 to $126.00. They now have a "neutral" rating on the stock.MarketBeat
CINF
Earnings
- 10/24/24 - Miss
CINF
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- CINF's page on the SEC website