Cincinnati Financial (CINF) Set to Announce Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) is set to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the firm posted $1.27 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect Cincinnati Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $115.30 on Thursday. The company has a market capitalization of $18.06 billion, a PE ratio of 9.88, a P/E/G ratio of 2.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial has a 1 year low of $95.01 and a 1 year high of $124.35. The company has a fifty day moving average of $116.58 and a two-hundred day moving average of $108.28.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.81 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.81%. Cincinnati Financial’s payout ratio is 27.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC grew its holdings in shares of Cincinnati Financial by 0.9% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock worth $1,311,000 after acquiring an additional 87 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Cincinnati Financial by 19.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 667 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 110 shares during the last quarter. Clear Street Markets LLC increased its position in shares of Cincinnati Financial by 93.1% in the first quarter. Clear Street Markets LLC now owns 309 shares of the insurance provider’s stock valued at $35,000 after buying an additional 149 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of Cincinnati Financial by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 17,728 shares of the insurance provider’s stock worth $1,815,000 after buying an additional 154 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Cincinnati Financial by 0.8% in the 1st quarter. NewEdge Advisors LLC now owns 20,815 shares of the insurance provider’s stock worth $2,830,000 after buying an additional 168 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.