Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $116.33.

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on Cincinnati Financial in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler raised their target price on Cincinnati Financial from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, TheStreet downgraded Cincinnati Financial from a “b” rating to a “c+” rating in a research report on Thursday, October 26th.

Insider Activity at Cincinnati Financial

In related news, Director Nancy Cunningham Benacci purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was purchased at an average price of $106.57 per share, with a total value of $106,570.00. Following the completion of the acquisition, the director now owns 3,702 shares in the company, valued at $394,522.14. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.84% of the company’s stock.

Institutional Investors Weigh In On Cincinnati Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CINF. Norges Bank acquired a new stake in Cincinnati Financial during the fourth quarter worth $149,585,000. Los Angeles Capital Management LLC increased its stake in Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after acquiring an additional 939,861 shares during the last quarter. Osaic Holdings Inc. increased its stake in Cincinnati Financial by 824.3% during the second quarter. Osaic Holdings Inc. now owns 722,610 shares of the insurance provider’s stock worth $7,718,000 after acquiring an additional 644,430 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock worth $60,350,000 after buying an additional 440,158 shares during the period. Finally, State Street Corp boosted its position in shares of Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock worth $1,246,056,000 after buying an additional 360,552 shares during the period. Institutional investors and hedge funds own 64.81% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $102.20 on Wednesday. The company has a market capitalization of $16.04 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.00 and a beta of 0.64. The business’s 50 day moving average is $102.62 and its two-hundred day moving average is $102.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Cincinnati Financial has a 12-month low of $95.01 and a 12-month high of $130.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Friday, October 27th. The insurance provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.59. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2 billion. Cincinnati Financial had a return on equity of 7.41% and a net margin of 17.12%. Cincinnati Financial’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. Analysts expect that Cincinnati Financial will post 5.45 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, September 18th were issued a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $3.00 annualized dividend and a dividend yield of 2.94%. Cincinnati Financial’s dividend payout ratio is presently 28.38%.

Cincinnati Financial Company Profile

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.