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

Cincinnati Financial Co. (NASDAQ:CINF) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $143.33.

CINF has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler upped their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, 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 report on Tuesday, October 29th.

Cincinnati Financial Stock Performance

CINF stock opened at $140.66 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 2.25 and a beta of 0.71. Cincinnati Financial has a 12 month low of $104.78 and a 12 month high of $161.74. The firm has a 50 day moving average of $148.67 and a two-hundred day moving average of $138.44.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.66 EPS. As a group, equities analysts anticipate that Cincinnati Financial will post 6.3 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its holdings in Cincinnati Financial by 2.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after acquiring an additional 68 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. raised its stake in Cincinnati Financial by 0.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after buying an additional 75 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after purchasing an additional 78 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.