Cincinnati Financial (NASDAQ:CINF) Sets New 1-Year High at $121.61

Cincinnati Financial Co. (NASDAQ:CINF)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $121.61 and last traded at $121.02, with a volume of 88513 shares trading hands. The stock had previously closed at $120.76.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CINF shares. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Janney Montgomery Scott started coverage on Cincinnati Financial in a research note on Thursday, December 14th. They set a “neutral” rating and a $110.00 target price for the company. Finally, BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $125.00 to $135.00 in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.71.

Cincinnati Financial Trading Up 2.5 %

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $113.54 and a 200-day simple moving average of $106.72. The company has a market cap of $19.31 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.62.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $1.27 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Cincinnati Financial Co. will post 6.18 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, March 18th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is currently 27.76%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CINF. United Capital Financial Advisers LLC boosted its position in Cincinnati Financial by 0.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock valued at $1,311,000 after buying an additional 87 shares during the period. Savant Capital LLC grew its stake in Cincinnati Financial by 1.6% during the 4th quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 96 shares in the last quarter. Octavia Wealth Advisors LLC increased its holdings in Cincinnati Financial by 0.9% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock worth $1,160,000 after purchasing an additional 101 shares during the period. Pinion Investment Advisors LLC raised its position in Cincinnati Financial by 2.9% in the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock valued at $374,000 after purchasing an additional 101 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in shares of Cincinnati Financial by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 30,127 shares of the insurance provider’s stock valued at $2,932,000 after buying an additional 102 shares during the period. 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.