Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of “Moderate Buy” from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $143.33.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th.

Cincinnati Financial Stock Up 1.7 %

CINF stock opened at $145.27 on Thursday. The stock has a market capitalization of $22.71 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. Cincinnati Financial has a 52 week low of $101.41 and a 52 week high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $148.68 and a 200 day moving average of $135.09.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.23%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in Cincinnati Financial during the second quarter worth approximately $278,000. Brookstone Capital Management purchased a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $252,000. Raymond James & Associates grew its stake in Cincinnati Financial by 4.6% in the 2nd quarter. Raymond James & Associates now owns 51,020 shares of the insurance provider’s stock valued at $6,025,000 after acquiring an additional 2,238 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Cincinnati Financial by 55.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,080 shares of the insurance provider’s stock worth $836,000 after acquiring an additional 2,522 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in Cincinnati Financial during the second quarter worth $69,000. Institutional investors and hedge funds 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.