Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $110.60

Shares of Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $110.60.

CINF has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Cincinnati Financial from $108.00 to $125.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 8th. Roth Capital restated a “buy” rating on shares of Cincinnati Financial in a report on Tuesday, February 7th. Piper Sandler lifted their price objective on Cincinnati Financial from $98.00 to $100.00 in a research report on Tuesday, January 10th. MKM Partners boosted their price target on Cincinnati Financial from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Finally, StockNews.com raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $112.57 on Friday. Cincinnati Financial has a one year low of $88.66 and a one year high of $143.22. The business has a fifty day moving average price of $115.12 and a 200-day moving average price of $106.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $17.70 billion, a P/E ratio of -37.52, a PEG ratio of 1.24 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The insurance provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.01). Cincinnati Financial had a positive return on equity of 6.32% and a negative net margin of 7.41%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $1.97 earnings per share. Cincinnati Financial’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Cincinnati Financial will post 5.14 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.60. This represents a $3.00 dividend on an annualized basis and a yield of 2.67%. Cincinnati Financial’s payout ratio is currently -100.00%.

Institutional Investors Weigh In On Cincinnati Financial

Several hedge funds and other institutional investors have recently modified their holdings of CINF. Spire Wealth Management bought a new position in Cincinnati Financial in the 4th quarter worth $28,000. Cullen Frost Bankers Inc. bought a new position in Cincinnati Financial in the 3rd quarter worth $29,000. Mendota Financial Group LLC bought a new position in Cincinnati Financial in the 4th quarter worth $30,000. Wagner Wealth Management LLC bought a new position in Cincinnati Financial in the 2nd quarter worth $33,000. Finally, McClarren Financial Advisors Inc. bought a new position in Cincinnati Financial in the 3rd quarter worth $34,000. 66.34% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Company Profile

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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.