-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。当社は、CINF株（現在の配当利回り2%）の12ヶ月目標株価を7ドル引き上げ、185ドルとします。これにより、CINF株は、2027年の営業利益予想9.15ドル（0.10ドル引き上げ）の20倍、2026年の営業利益予想8.60ドル（0.10ドル引き上げ）の21.5倍（0.10ドル引き上げ）で評価されます。これは、過去5年間の平均予想株価倍率21倍および同業他社の平均株価倍率と比較して高い水準です。 CINFは、第1四半期の営業EPSが2.10ドルとなり、前年同期の営業損失0.24ドルから黒字転換しました。これは当社の予想と一致し、コンセンサス予想の1.94ドルを上回りました。これは、保険料収入が11%増加し、純投資収益が14%増加したことによる営業収益が12%増加したことによるものです。引受保険料の伸び率は7%で、同業他社の平均の上限に達すると見込まれます。当社は、CINFの競争上の強みとして、容易な引受スタイルと、最も有望なファンダメンタルズを持つ分野に引受資本を配分する能力を挙げ、競争が激化する市場環境下でも優位な立場を維持できると考えています。CINFが同業他社を上回る成長と引受収益性を継続的に生み出す能力は、同業他社に対する株価のプレミアム評価を支えるものと当社は考えています。
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