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

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $138.57.

Several analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Bank of America upped their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On Cincinnati Financial

A number of hedge funds have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial in the third quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.0 %

CINF opened at $156.47 on Friday. Cincinnati Financial has a twelve month low of $99.92 and a twelve month high of $156.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $141.26 and a 200 day moving average price of $129.50. The firm has a market cap of $24.46 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. Research analysts forecast that Cincinnati Financial will post 6.32 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.07%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

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.