Analysts Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $143.33

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $143.33.

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

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade 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 can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cincinnati Financial

Several institutional investors have recently bought and sold shares of the business. Vest Financial LLC grew its stake in Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after purchasing an additional 46,530 shares during the last quarter. Amalgamated Bank grew its position in shares of Cincinnati Financial by 30.5% in the 2nd quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider’s stock worth $4,976,000 after buying an additional 9,854 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $546,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock valued at $15,923,000 after acquiring an additional 11,282 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Cincinnati Financial by 6.2% in the second quarter. National Bank of Canada FI now owns 143,127 shares of the insurance provider’s stock valued at $17,059,000 after acquiring an additional 8,353 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 1.6 %

Shares of NASDAQ CINF opened at $144.57 on Thursday. Cincinnati Financial has a 1-year low of $100.31 and a 1-year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average is $148.39 and its two-hundred day moving average is $134.54. The stock has a market capitalization of $22.60 billion, a P/E ratio of 7.43, a PEG ratio of 2.89 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. As a group, research analysts expect that Cincinnati Financial will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.24%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

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.