Cincinnati Financial Co. (NASDAQ:CINF) Receives $107.33 Consensus Target Price from Brokerages

Cincinnati Financial Co. (NASDAQ:CINFGet Rating) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $107.00.

Several research firms have commented on CINF. Piper Sandler increased their price target on shares of Cincinnati Financial from $98.00 to $100.00 in a research report on Tuesday, January 10th. BMO Capital Markets initiated coverage on shares of Cincinnati Financial in a research report on Thursday. They issued a “market perform” rating and a $106.00 price objective for the company. StockNews.com lowered shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. MKM Partners increased their price objective on shares of Cincinnati Financial from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Finally, Bank of America initiated coverage on shares of Cincinnati Financial in a research report on Tuesday, September 27th. They issued a “neutral” rating and a $92.00 price objective for the company.

Cincinnati Financial Stock Performance

CINF stock opened at $102.73 on Thursday. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of -285.36 and a beta of 0.62. The firm has a 50-day simple moving average of $106.31 and a two-hundred day simple moving average of $103.16. Cincinnati Financial has a one year low of $88.66 and a one year high of $143.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINFGet Rating) last released its quarterly earnings results on Monday, October 31st. The insurance provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.61 billion. Cincinnati Financial had a negative net margin of 0.43% and a positive return on equity of 7.00%. The company’s quarterly revenue was down 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, equities analysts forecast that Cincinnati Financial will post 4.21 EPS for the current fiscal year.

Cincinnati Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 16th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, December 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.34%. Cincinnati Financial’s payout ratio is -766.67%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were acquired at an average price of $106.13 per share, with a total value of $106,130.00. Following the purchase, the director now directly owns 45,502 shares of the company’s stock, valued at $4,829,127.26. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.95% of the company’s stock.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors have recently added to or reduced their stakes in CINF. DekaBank Deutsche Girozentrale boosted its stake in Cincinnati Financial by 27.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,012 shares of the insurance provider’s stock worth $3,983,000 after purchasing an additional 7,293 shares during the last quarter. Salvus Wealth Management LLC raised its holdings in Cincinnati Financial by 4.9% in the 3rd quarter. Salvus Wealth Management LLC now owns 5,332 shares of the insurance provider’s stock valued at $478,000 after buying an additional 250 shares during the period. Treasurer of the State of North Carolina raised its holdings in Cincinnati Financial by 33.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 76,307 shares of the insurance provider’s stock valued at $9,079,000 after buying an additional 18,999 shares during the period. Empirical Finance LLC raised its holdings in Cincinnati Financial by 5.6% in the 2nd quarter. Empirical Finance LLC now owns 3,034 shares of the insurance provider’s stock valued at $361,000 after buying an additional 160 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Cincinnati Financial by 1,318.8% in the 3rd quarter. Larson Financial Group LLC now owns 3,547 shares of the insurance provider’s stock valued at $318,000 after buying an additional 3,297 shares during the period. Institutional investors and hedge funds own 66.34% of the company’s stock.

About Cincinnati Financial

(Get Rating)

Cincinnati Financial Corp. provides property casualty and life insurance services. It operates through the following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment includes commercial casualty, commercial property, commercial auto, worker’s compensation, and other commercial lines insurance.

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