Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) Price Target at $147.40

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $147.40.

Several research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $147.80 on Monday. The company has a market cap of $23.10 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company’s fifty day moving average is $139.59 and its two-hundred day moving average is $142.77. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12-month low of $111.92 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. Equities analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINF. Oak Thistle LLC lifted its stake in shares of Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares during the last quarter. World Investment Advisors LLC bought a new stake in Cincinnati Financial during the third quarter valued at about $546,000. Principal Financial Group Inc. grew its position in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after purchasing an additional 5,097 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at approximately $4,935,000. 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.