Sponsored By:

Cincinnati Financial Continues Killer Year

Company exceeds expectations on the top and bottom line in Q2

   

dependable dividend stocks 200x195 Cincinnati Financial Continues Killer YearProperty and casualty insurer Cincinnati Financial (NASDAQ:CINF) beat analyst estimates in the second quarter, earnings $32 million, or 20 cents per share, which was 9 cents more than expected. It easily improved from its net loss of $50 million, or 31 cents per share, a year ago.

Operating profit was also in the black at 17 cents per share, as opposed to the loss of 58 cents per share last year. Revenue improved 5% year-over-year, jumping from $975 million to $1.02 billion and beating Wall Street’s expectations.

Lower catastrophe losses and firming insurance rates have played a role in the company’s recent performance.

Cincinnati Financial is also one of InvestorPlace‘s Dependable Dividend Stocks, as it has been paying a dividend to investors for over 50 years and currently has a heft 4.3% yield.

Shares are up nearly 25% year-to-date and 37% over the entire past year.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/cincinnati-financial-continues-killer-year/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.