Cincinnati Financial Corporation (CINF) – What Are Analysts Thinking About This Stock?

Cincinnati Financial Corporation (NASDAQ:CINF) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $191.60.

CINF has been the topic of a number of recent research reports. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Roth Capital increased their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating for the company in a research note on Monday. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a report on Wednesday, July 15th. Finally, Piper Sandler raised their price target on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $165.55 on Tuesday. The firm’s fifty day simple moving average is $169.06 and its 200-day simple moving average is $169.36. Cincinnati Financial has a 12 month low of $150.00 and a 12 month high of $194.81. The stock has a market capitalization of $25.41 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company earned $1.97 EPS. As a group, equities analysts forecast that Cincinnati Financial will post 8.35 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is currently 17.74%.

Insiders Place Their Bets

In related news, Director Dirk Debbink acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director owned 62,059 shares of the company’s stock, valued at $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Dupree Financial Group LLC raised its stake in shares of Cincinnati Financial by 7.9% during the third quarter. Dupree Financial Group LLC now owns 26,725 shares of the insurance provider’s stock worth $4,318,000 after purchasing an additional 1,958 shares during the last quarter. Atlas Brown Inc. grew its position in Cincinnati Financial by 217.0% in the 3rd quarter. Atlas Brown Inc. now owns 6,724 shares of the insurance provider’s stock valued at $1,072,000 after buying an additional 4,603 shares during the last quarter. GK Wealth Management LLC purchased a new position in Cincinnati Financial in the 3rd quarter valued at $36,000. Wedmont Private Capital grew its position in Cincinnati Financial by 494.6% in the 3rd quarter. Wedmont Private Capital now owns 14,847 shares of the insurance provider’s stock valued at $2,366,000 after buying an additional 12,350 shares during the last quarter. Finally, Central Bank & Trust Co. grew its position in Cincinnati Financial by 50.7% in the 3rd quarter. Central Bank & Trust Co. now owns 1,805 shares of the insurance provider’s stock valued at $288,000 after buying an additional 607 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.