Cincinnati Financial Corporation (NASDAQ:CINF) Stock Has Consensus Target Price of $195.40

Cincinnati Financial Corporation (NASDAQ:CINF) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $195.40.

Several equities research analysts have commented on CINF shares. Bank of America downgraded Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research report on Wednesday, July 15th. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Roth Capital lifted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, September 10th.

Insider Buying and Selling

In related news, Director Dirk Debbink acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, with a total value of $171,640.00. Following the completion of the purchase, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. purchased a new position in shares of Cincinnati Financial during the second quarter worth approximately $27,000. Covestor Ltd increased its position in Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 83 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Cincinnati Financial in the first quarter worth approximately $34,000. Elevation Wealth Partners LLC lifted its holdings in Cincinnati Financial by 230.8% during the third quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider’s stock worth $34,000 after buying an additional 150 shares during the period. Finally, Davis Capital Management boosted its position in Cincinnati Financial by 7,433.3% during the 3rd quarter. Davis Capital Management now owns 226 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $165.25 on Tuesday. The company’s fifty day moving average price is $169.60 and its 200-day moving average price is $169.28. The stock has a market cap of $25.36 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial has a 12 month low of $150.00 and a 12 month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $1.97 earnings per share. On average, equities analysts expect that Cincinnati Financial will post 8.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 17.74%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.