Q3 2024 EPS Estimates for Cincinnati Financial Co. Boosted by Analyst (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF) – Zacks Research boosted their Q3 2024 earnings estimates for shares of Cincinnati Financial in a report released on Wednesday, August 14th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $1.37 for the quarter, up from their prior estimate of $1.36. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.46 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.16 EPS, Q1 2025 earnings at $1.82 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $2.24 EPS, FY2025 earnings at $6.97 EPS and Q2 2026 earnings at $1.42 EPS.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Bank of America dropped their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Roth Mkm upped their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.57.

Cincinnati Financial Stock Up 1.0 %

Shares of Cincinnati Financial stock opened at $131.12 on Friday. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 2.84 and a beta of 0.65. The stock has a 50-day simple moving average of $121.26 and a 200-day simple moving average of $118.15. Cincinnati Financial has a 52-week low of $96.86 and a 52-week high of $132.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 80 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in Cincinnati Financial by 4.3% in the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 95 shares during the last quarter. Argent Trust Co lifted its stake in shares of Cincinnati Financial by 5.0% in the 2nd quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock valued at $237,000 after purchasing an additional 95 shares during the period. Savant Capital LLC grew its stake in shares of Cincinnati Financial by 1.6% during the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 96 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in Cincinnati Financial by 9.4% during the fourth quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock worth $144,000 after buying an additional 119 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

About Cincinnati Financial

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.