Cincinnati Financial Corporation (NASDAQ:CINF) Given Average Recommendation of “Moderate Buy” by Analysts

Cincinnati Financial Corporation (NASDAQ:CINFGet Free Report) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $194.40.

A number of brokerages recently issued reports on CINF. Piper Sandler increased their target price on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. Roth Capital upped their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $201.00 price objective (up from $191.00) on shares of Cincinnati Financial in a research note on Wednesday, July 8th. Finally, Bank of America reduced their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th.

View Our Latest Research Report on CINF

Key Cincinnati Financial News

Here are the key news stories impacting Cincinnati Financial this week:

Cincinnati Financial Stock Down 0.7%

CINF stock opened at $181.33 on Thursday. The stock’s 50 day simple moving average is $174.45 and its 200 day simple moving average is $167.00. Cincinnati Financial has a fifty-two week low of $143.87 and a fifty-two week high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.28 and a current ratio of 0.31. The company has a market cap of $27.83 billion, a P/E ratio of 8.55, a price-to-earnings-growth ratio of 3.76 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the company posted $1.97 EPS. On average, research analysts expect that Cincinnati Financial will post 8.71 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a $0.94 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 17.74%.

Institutional Trading of Cincinnati Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth approximately $270,892,000. First Trust Advisors LP grew its holdings in Cincinnati Financial by 59.4% during the first quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock worth $331,136,000 after buying an additional 784,584 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cincinnati Financial by 193.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 601,033 shares of the insurance provider’s stock worth $98,161,000 after buying an additional 396,086 shares in the last quarter. Raymond James Financial Inc. raised its position in Cincinnati Financial by 48.6% in the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock valued at $119,682,000 after buying an additional 262,715 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Cincinnati Financial in the 4th quarter valued at $32,692,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Company Profile

(Get Free Report)

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

Featured Stories

Analyst Recommendations for Cincinnati Financial (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.