Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been assigned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $121.17.
CINF has been the topic of a number of research reports. Wolfe Research assumed coverage on Cincinnati Financial in a research report on Monday, August 16th. They set an “outperform” rating and a $148.00 target price on the stock. Piper Sandler raised Cincinnati Financial from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $100.00 to $116.00 in a report on Friday, July 9th. Finally, Royal Bank of Canada upped their price target on Cincinnati Financial from $119.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, July 30th.
A number of institutional investors have recently modified their holdings of CINF. Natixis Advisors L.P. increased its position in shares of Cincinnati Financial by 0.5% during the 1st quarter. Natixis Advisors L.P. now owns 16,854 shares of the insurance provider’s stock valued at $1,737,000 after purchasing an additional 89 shares during the last quarter. KC Investment Advisors LLC grew its position in Cincinnati Financial by 2.3% during the second quarter. KC Investment Advisors LLC now owns 4,243 shares of the insurance provider’s stock valued at $495,000 after buying an additional 96 shares during the period. Samalin Investment Counsel LLC increased its stake in shares of Cincinnati Financial by 4.0% during the 1st quarter. Samalin Investment Counsel LLC now owns 2,859 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 111 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Cincinnati Financial by 31.2% during the second quarter. Penserra Capital Management LLC now owns 509 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 121 shares during the period. Finally, Blackhawk Capital Partners LLC. increased its position in Cincinnati Financial by 1.6% in the second quarter. Blackhawk Capital Partners LLC. now owns 8,961 shares of the insurance provider’s stock worth $924,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 66.37% of the company’s stock.
Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, July 28th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $0.99 by $0.80. Cincinnati Financial had a return on equity of 7.71% and a net margin of 30.25%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, sell-side analysts anticipate that Cincinnati Financial will post 5.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, September 15th. Cincinnati Financial’s dividend payout ratio is presently 76.83%.
About Cincinnati Financial
Cincinnati Financial Corp. provides property casualty and life insurance services. It operates through the following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment includes commercial casualty, commercial property, commercial auto, worker’s compensation, and other commercial lines insurance.
Featured Article: Growth and Income Funds
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.