Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $143.33.

A number of equities analysts have weighed in on CINF shares. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler boosted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America raised their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $143.00 on Thursday. The company has a market cap of $22.35 billion, a P/E ratio of 7.35, a P/E/G ratio of 2.89 and a beta of 0.69. Cincinnati Financial has a twelve month low of $100.31 and a twelve month high of $161.74. The company’s 50-day moving average price is $148.09 and its 200-day moving average price is $134.16. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the business earned $1.66 earnings per share. On average, sell-side analysts forecast that Cincinnati Financial will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.27%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors have recently modified their holdings of CINF. IMS Capital Management purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $274,000. Franklin Resources Inc. lifted its position in shares of Cincinnati Financial by 51.0% during the third quarter. Franklin Resources Inc. now owns 108,583 shares of the insurance provider’s stock worth $14,863,000 after purchasing an additional 36,650 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Cincinnati Financial by 1.4% in the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after purchasing an additional 80 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $103,000. Finally, World Investment Advisors LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth approximately $546,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.