Cincinnati Financial (CINF) to Release Earnings on Monday

Cincinnati Financial (NASDAQ:CINF) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $1.90 per share and revenue of $2.63 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Cincinnati Financial Trading Down 1.4 %

NASDAQ CINF opened at $137.05 on Monday. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.43 and a beta of 0.71. The business’s fifty day moving average is $146.00 and its 200-day moving average is $139.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.54%. Cincinnati Financial’s payout ratio is currently 16.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CINF. 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 note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Cincinnati Financial Company Profile

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.