Brokerages Set Cincinnati Financial Corporation (NASDAQ:CINF) Price Target at $174.75

Cincinnati Financial Corporation (NASDAQ:CINF) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $174.75.

CINF has been the topic of a number of analyst reports. Bank of America reduced their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler increased their price target on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, December 22nd. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, March 24th. Finally, Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $191.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $163.36 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $162.58 and its two-hundred day moving average price is $162.21. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 4.30 and a beta of 0.63. Cincinnati Financial has a 12-month low of $126.45 and a 12-month high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, beating the consensus estimate of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the business earned $3.14 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts anticipate that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th were paid a dividend of $0.94 per share. The ex-dividend date was Tuesday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is currently 24.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in shares of Cincinnati Financial by 0.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after acquiring an additional 64 shares during the last quarter. Legacy Financial Strategies LLC lifted its stake in shares of Cincinnati Financial by 0.3% in the 3rd quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after acquiring an additional 65 shares during the last quarter. State of Wyoming lifted its stake in shares of Cincinnati Financial by 5.4% in the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after acquiring an additional 67 shares during the last quarter. Natural Investments LLC lifted its stake in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after acquiring an additional 70 shares during the last quarter. Finally, Triton Financial Group Inc lifted its stake in shares of Cincinnati Financial by 0.7% in the 4th quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after acquiring an additional 73 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Company Profile

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.