How Safe Is Cincinnati Financial's Dividend?
The insurance business goes through wild swings, with long periods of quiet profits punctuated by major catastrophic events that put pressure on the entire industry. Cincinnati Financial (NASDAQ: CINF) isn't the best-known player in the property and casualty insurance business, but the Ohio-based company offers a wide range of protection through personal home, auto, and life insurance as well as business-related insurance products. With Hurricanes Harvey, Irma, and Maria having plowed through the U.S. in just the past couple of months, investors want to know if insurers like Cincinnati Financial will be in a position to keep paying solid dividends.
Let's look more closely at the insurer to see whether shareholders can confidently expect to keep getting quarterly checks.
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Source: Fool.com
Cincinnati Financial Corp. Stock
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Cincinnati Financial Corp..
As a result the target price of 162 € shows a slightly positive potential of 5.88% compared to the current price of 153.0 € for Cincinnati Financial Corp..
