Cincinnati Financial Corporation (NASDAQ:CINF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $170.75.

CINF has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Roth Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Finally, Piper Sandler increased their target price on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd.

Cincinnati Financial Stock Down 0.2%

Cincinnati Financial stock opened at $163.37 on Friday. The company has a market capitalization of $25.49 billion, a PE ratio of 12.16, a PEG ratio of 3.69 and a beta of 0.66. Cincinnati Financial has a 12-month low of $123.01 and a 12-month high of $169.86. The firm’s fifty day moving average is $164.65 and its 200 day moving average is $157.34. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s payout ratio is presently 25.89%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average price of $153.98 per share, with a total value of $153,980.00. Following the completion of the transaction, the director directly owned 58,482 shares in the company, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

Hedge Funds Weigh In On Cincinnati Financial

Several institutional investors have recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth about $25,000. Nisa Investment Advisors LLC boosted its position in Cincinnati Financial by 4.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,336 shares of the insurance provider’s stock worth $7,772,000 after purchasing an additional 1,866 shares during the period. Birch Financial Group LLC bought a new position in Cincinnati Financial during the fourth quarter worth about $348,000. Saxony Capital Management LLC increased its stake in shares of Cincinnati Financial by 2.0% in the fourth quarter. Saxony Capital Management LLC now owns 5,553 shares of the insurance provider’s stock worth $907,000 after purchasing an additional 110 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $144,000. 65.24% of the stock is owned by institutional investors.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.