Cincinnati Financial Co. to Post Q3 2024 Earnings of $1.47 Per Share, Roth Capital Forecasts (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF) – Stock analysts at Roth Capital lifted their Q3 2024 EPS estimates for Cincinnati Financial in a research note issued to investors on Friday, April 26th. Roth Capital analyst H. Fong now forecasts that the insurance provider will earn $1.47 per share for the quarter, up from their previous forecast of $1.46. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.33 per share. Roth Capital also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.16 EPS and Q3 2025 earnings at $1.73 EPS.

CINF has been the subject of a number of other reports. Piper Sandler reaffirmed a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $125.00 to $135.00 in a report on Monday, March 25th. 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 report on Tuesday, April 16th. Finally, TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Hold” and a consensus target price of $123.57.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $115.69 on Monday. Cincinnati Financial has a 12-month low of $95.01 and a 12-month high of $124.35. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. The company has a market cap of $18.11 billion, a PE ratio of 7.70, a P/E/G ratio of 2.24 and a beta of 0.63. The stock has a 50 day simple moving average of $117.84 and a 200-day simple moving average of $109.37.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. Cincinnati Financial’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share.

Hedge Funds Weigh In On Cincinnati Financial

A number of hedge funds have recently modified their holdings of the stock. Savant Capital LLC increased its position in Cincinnati Financial by 1.6% in the 4th quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 96 shares during the last quarter. Octavia Wealth Advisors LLC increased its holdings in Cincinnati Financial by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock worth $1,160,000 after buying an additional 101 shares during the last quarter. Pinion Investment Advisors LLC raised its position in Cincinnati Financial by 2.9% during the fourth quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 101 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Cincinnati Financial by 3.0% in the third quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 103 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Cincinnati Financial by 11.6% during the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 104 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

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.