Cincinnati Financial Co. (NASDAQ:CINF) Receives $138.57 Consensus Target Price from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $138.57.

A number of equities analysts have recently commented on the stock. Piper Sandler lifted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America increased their target price 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.

Institutional Trading of Cincinnati Financial

Several hedge funds have recently modified their holdings of CINF. Charles Schwab Investment Management Inc. raised its position in Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Cincinnati Financial by 583.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after purchasing an additional 329,435 shares during the period. AQR Capital Management LLC increased its holdings in shares of Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after purchasing an additional 277,550 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after purchasing an additional 187,934 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in Cincinnati Financial by 10.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after buying an additional 107,081 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $159.61 on Friday. The company has a fifty day moving average of $142.18 and a two-hundred day moving average of $130.16. The company has a market capitalization of $24.95 billion, a PE ratio of 8.20, a P/E/G ratio of 2.99 and a beta of 0.65. Cincinnati Financial has a 1 year low of $99.92 and a 1 year high of $159.81. 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 (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. As a group, analysts expect that Cincinnati Financial will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.