Cincinnati Financial Corporation (NASDAQ:CINF) Receives $183.25 Average Target Price from Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have earned a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $183.25.

Several research analysts have weighed in on CINF shares. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 27th. Roth Mkm boosted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Bank of America dropped their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler upped their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th.

Institutional Trading of Cincinnati Financial

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its holdings in Cincinnati Financial by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 18,676 shares of the insurance provider’s stock valued at $2,939,000 after purchasing an additional 447 shares in the last quarter. Groupama Asset Managment acquired a new stake in Cincinnati Financial in the 1st quarter valued at $315,000. BankChampaign National Association acquired a new stake in Cincinnati Financial in the 1st quarter valued at $293,000. Kentucky Retirement Systems grew its position in Cincinnati Financial by 25.9% in the first quarter. Kentucky Retirement Systems now owns 12,174 shares of the insurance provider’s stock valued at $1,916,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new stake in Cincinnati Financial in the first quarter valued at approximately $352,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.0%

Shares of Cincinnati Financial stock opened at $163.83 on Wednesday. The business has a 50 day moving average price of $163.06 and a 200 day moving average price of $163.43. Cincinnati Financial has a 1 year low of $143.37 and a 1 year high of $174.27. The company has a market capitalization of $25.34 billion, a P/E ratio of 9.37, a P/E/G ratio of 3.52 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.17. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) EPS. Sell-side analysts anticipate that Cincinnati Financial will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio is 21.50%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.