Cincinnati Financial Co. (NASDAQ:CINF) Given Average Recommendation of “Hold” by Analysts

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $124.50.

CINF has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Piper Sandler reissued a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Finally, BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $125.00 to $135.00 in a report on Monday, March 25th.

Cincinnati Financial Stock Down 0.2 %

CINF stock opened at $117.20 on Wednesday. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 2.50 and a beta of 0.63. Cincinnati Financial has a twelve month low of $95.01 and a twelve month high of $124.35. The business has a 50 day moving average price of $118.30 and a two-hundred day moving average price of $109.90. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm’s revenue was up 31.0% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Analysts anticipate that Cincinnati Financial will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, with a total value of $113,470.00. Following the acquisition, the director now directly owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cincinnati Financial

A number of large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in shares of Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 174 shares during the period. Criterion Capital Advisors LLC acquired a new stake in Cincinnati Financial during the fourth quarter worth about $27,000. BKM Wealth Management LLC bought a new position in Cincinnati Financial in the 4th quarter valued at about $31,000. Raleigh Capital Management Inc. bought a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $31,000. Finally, NBC Securities Inc. acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds 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.