Cincinnati Financial Co. to Post Q3 2024 Earnings of $1.47 Per Share, Roth Capital Forecasts (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Roth Capital increased their Q3 2024 earnings per share (EPS) estimates for Cincinnati Financial in a report issued on Friday, April 26th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $1.47 per share for the quarter, up from their prior forecast of $1.46. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.33 per share. Roth Capital also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.16 EPS and Q3 2025 earnings at $1.73 EPS.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a return on equity of 9.63% and a net margin of 22.16%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Citigroup boosted their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Piper Sandler reissued a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $123.57.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $110.88 on Monday. The company has a 50-day moving average price of $117.71 and a two-hundred day moving average price of $109.18. Cincinnati Financial has a 52 week low of $95.01 and a 52 week high of $124.35. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CINF. CWM LLC boosted its position in shares of Cincinnati Financial by 10.0% during the 3rd quarter. CWM LLC now owns 1,991 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 181 shares in the last quarter. IFP Advisors Inc lifted its stake in Cincinnati Financial by 27.6% during the third quarter. IFP Advisors Inc now owns 1,109 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 240 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Cincinnati Financial during the third quarter worth approximately $51,000. Czech National Bank grew its position in Cincinnati Financial by 47.3% in the third quarter. Czech National Bank now owns 27,416 shares of the insurance provider’s stock worth $2,804,000 after buying an additional 8,806 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Cincinnati Financial in the third quarter valued at $590,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

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