Cincinnati Financial Corporation (NASDAQ:CINF) Receives Average Recommendation of “Buy” from Analysts

Cincinnati Financial Corporation (NASDAQ:CINF) has been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $183.25.

A number of brokerages have weighed in on CINF. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Roth Mkm lifted their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Bank of America cut their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th.

Institutional Trading of Cincinnati Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lodestone Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $34,000. Finally, DV Equities LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $36,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of CINF opened at $158.00 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial has a twelve month low of $143.37 and a twelve month high of $174.27. The firm’s 50 day moving average price is $162.57 and its two-hundred day moving average price is $163.53. The firm has a market cap of $24.44 billion, a P/E ratio of 9.03, a PEG ratio of 3.41 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

About Cincinnati Financial

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.