Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Recommendation of “Hold” from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $121.29.

A number of brokerages have issued reports on CINF. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $125.00 to $135.00 in a report on Monday, March 25th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st.

Cincinnati Financial Stock Down 0.5 %

CINF stock opened at $118.62 on Friday. 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 firm’s fifty day simple moving average is $116.21 and its 200-day simple moving average is $107.99. Cincinnati Financial has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a market capitalization of $18.58 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 1.31 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.33. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. As a group, equities research analysts forecast that Cincinnati Financial will post 6.18 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be paid a $0.81 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, March 18th. Cincinnati Financial’s dividend payout ratio is currently 27.76%.

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently bought and sold shares of CINF. Global Assets Advisory LLC purchased a new position in Cincinnati Financial during the first quarter worth approximately $7,054,000. RFG Advisory LLC purchased a new stake in shares of Cincinnati Financial in the first quarter valued at about $202,000. Lantz Financial LLC acquired a new stake in Cincinnati Financial during the first quarter worth about $270,000. Wedmont Private Capital purchased a new position in Cincinnati Financial during the first quarter worth about $231,000. Finally, Czech National Bank boosted its holdings in Cincinnati Financial by 0.5% in the 1st quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock valued at $3,430,000 after purchasing an additional 143 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.