Cincinnati Financial (NASDAQ:CINF) Sets New 1-Year High at $135.20

Shares of Cincinnati Financial Co. (NASDAQ:CINF) reached a new 52-week high on Thursday . The stock traded as high as $135.20 and last traded at $135.10, with a volume of 38565 shares traded. The stock had previously closed at $134.82.

Analysts Set New Price Targets

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

Cincinnati Financial Trading Up 0.3 %

The company has a 50 day simple moving average of $124.24 and a 200 day simple moving average of $119.39. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $21.17 billion, a PE ratio of 8.97, a P/E/G ratio of 2.84 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts predict that Cincinnati Financial Co. will post 6.46 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s payout ratio is 21.56%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Aurora Investment Counsel increased its position in Cincinnati Financial by 1.1% during the 2nd quarter. Aurora Investment Counsel now owns 13,846 shares of the insurance provider’s stock worth $1,635,000 after purchasing an additional 153 shares during the period. Regal Investment Advisors LLC grew its holdings in Cincinnati Financial by 17.5% during the second quarter. Regal Investment Advisors LLC now owns 36,947 shares of the insurance provider’s stock worth $4,363,000 after acquiring an additional 5,503 shares during the period. William B. Walkup & Associates Inc. purchased a new position in Cincinnati Financial in the second quarter worth $344,000. Northwestern Mutual Wealth Management Co. lifted 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 period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cincinnati Financial during the 2nd quarter worth $7,610,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

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.