AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Analyst Nancy Benacci of McDonald Investments Inc. in Cleveland has reiterated her "buy" rating on shares of Cincinnati Financial Corp. Benacci cited strong premium growth, particularly in commercial lines, and the company's strong relationships with its independent agents as positive factors.
Benacci expects the Fairfield-based insurer to earn $1.75 per share in 2000 and has a 12-month price target of $42. Cincinnati Financial shares closed at $29.13 on Jan. 27, at the bottom of a long slide from their highs of $42.50 last August.
Benacci expects a bounce up in part because of Cincinnati Financial's $9.6 billion equity investment portfolio, which includes a …