Analysts Set Cincinnati Financial Corporation (NASDAQ:CINF) Target Price at $159.40

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $159.40.

CINF has been the topic of a number of research reports. Roth Capital upped their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th.

Cincinnati Financial Stock Up 0.1%

CINF stock opened at $156.11 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $24.41 billion, a PE ratio of 13.54, a PEG ratio of 7.63 and a beta of 0.72. Cincinnati Financial has a 1-year low of $123.01 and a 1-year high of $161.74. The business’s 50 day simple moving average is $151.98 and its 200 day simple moving average is $146.42.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. As a group, research analysts anticipate that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is currently 30.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park National Corp OH grew its stake in Cincinnati Financial by 0.6% during the 1st quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock valued at $1,874,000 after acquiring an additional 72 shares in the last quarter. ORG Partners LLC grew its stake in Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 72 shares in the last quarter. Spire Wealth Management grew its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 76 shares in the last quarter. HUB Investment Partners LLC grew its stake in Cincinnati Financial by 3.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 77 shares in the last quarter. Finally, Forum Financial Management LP lifted its holdings in shares of Cincinnati Financial by 2.1% during the 2nd quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock valued at $588,000 after buying an additional 80 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

About Cincinnati Financial

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.