Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of “Moderate Buy” from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $138.57.

CINF has been the subject of several research reports. Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America boosted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $25,000. Rothschild Investment LLC bought a new stake in shares of Cincinnati Financial in the 2nd quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV increased its position in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. Finally, USA Financial Formulas bought a new position in Cincinnati Financial in the third quarter worth $33,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $142.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $22.23 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. Cincinnati Financial has a fifty-two week low of $97.72 and a fifty-two week high of $145.33. The firm’s 50 day simple moving average is $136.55 and its 200-day simple moving average is $125.64.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. As a group, equities research analysts predict that Cincinnati Financial will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.28%. Cincinnati Financial’s payout ratio is presently 21.56%.

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.