Cincinnati Financial (NASDAQ:CINF) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other research firms have also issued reports on CINF. Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Stock Up 0.1 %

Cincinnati Financial stock opened at $132.24 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The firm has a 50 day moving average price of $139.70 and a 200 day moving average price of $142.58. Cincinnati Financial has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The company has a market capitalization of $20.70 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Research analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.63%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. Cincinnati Financial’s payout ratio is 23.97%.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 102 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.