Cincinnati Financial Co. (NASDAQ:CINF) Announces Quarterly Dividend of $0.69

Cincinnati Financial Co. (NASDAQ:CINFGet Rating) announced a quarterly dividend on Monday, May 9th, RTT News reports. Shareholders of record on Friday, June 17th will be paid a dividend of 0.69 per share by the insurance provider on Friday, July 15th. This represents a $2.76 annualized dividend and a yield of 2.18%.

Cincinnati Financial has increased its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 62 consecutive years. Cincinnati Financial has a dividend payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cincinnati Financial to earn $5.85 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 47.2%.

Shares of CINF stock opened at $126.46 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial has a fifty-two week low of $108.88 and a fifty-two week high of $143.22. The stock has a 50 day moving average price of $131.51 and a two-hundred day moving average price of $123.37. The company has a market capitalization of $20.28 billion, a P/E ratio of 10.04 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINFGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The insurance provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.10. Cincinnati Financial had a return on equity of 8.79% and a net margin of 23.82%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was down 45.4% on a year-over-year basis. As a group, equities analysts predict that Cincinnati Financial will post 5.75 earnings per share for the current year.

Several equities analysts have recently issued reports on CINF shares. StockNews.com started coverage on Cincinnati Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Tuesday, April 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Hold” and a consensus target price of $134.75.

A number of hedge funds have recently modified their holdings of CINF. Stifel Financial Corp grew its stake in Cincinnati Financial by 35.7% in the fourth quarter. Stifel Financial Corp now owns 128,815 shares of the insurance provider’s stock worth $14,677,000 after purchasing an additional 33,880 shares during the period. Barclays PLC grew its stake in Cincinnati Financial by 8.7% in the fourth quarter. Barclays PLC now owns 374,134 shares of the insurance provider’s stock worth $42,625,000 after purchasing an additional 29,803 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth $2,017,000. NewEdge Advisors LLC grew its stake in shares of Cincinnati Financial by 575.0% in the fourth quarter. NewEdge Advisors LLC now owns 20,647 shares of the insurance provider’s stock worth $2,352,000 after acquiring an additional 17,588 shares during the last quarter. Finally, Allstate Corp grew its stake in shares of Cincinnati Financial by 415.9% in the fourth quarter. Allstate Corp now owns 17,350 shares of the insurance provider’s stock worth $1,977,000 after acquiring an additional 13,987 shares during the last quarter. 66.34% of the stock is currently owned by institutional investors.

Cincinnati Financial Company Profile (Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

Further Reading

Dividend History for Cincinnati Financial (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.