Cincinnati Financial Corporation (NASDAQ:CINF) Receives $157.25 Average PT from Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have been given a consensus rating of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $157.25.

CINF has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Roth Capital boosted their price target on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $153.02 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $155.54 and its two-hundred day moving average is $148.35. Cincinnati Financial has a 12-month low of $123.01 and a 12-month high of $166.90. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 7.16 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. Research analysts expect that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in Cincinnati Financial in the 1st quarter valued at approximately $337,000. FJ Capital Management LLC grew its position in shares of Cincinnati Financial by 97.5% in the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock valued at $4,327,000 after purchasing an additional 14,464 shares during the period. M&T Bank Corp increased its stake in Cincinnati Financial by 12.7% in the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider’s stock valued at $1,161,000 after purchasing an additional 887 shares during the last quarter. CWA Asset Management Group LLC increased its stake in Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 94 shares during the last quarter. Finally, OLD Republic International Corp increased its stake in Cincinnati Financial by 1.0% in the first quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider’s stock valued at $58,955,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors 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.