What is Zacks Research’s Estimate for CINF FY2024 Earnings?

Cincinnati Financial Co. (NASDAQ:CINF) – Stock analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Cincinnati Financial in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $6.34 for the year, down from their prior estimate of $6.54. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.35 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $1.91 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $7.03 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for 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%. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS.

CINF has been the topic of several other reports. Roth Mkm increased their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target 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 price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $151.78 on Friday. 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 firm has a market cap of $23.73 billion, a P/E ratio of 7.76, a P/E/G ratio of 2.86 and a beta of 0.65. Cincinnati Financial has a 1-year low of $99.61 and a 1-year high of $152.30. The firm has a fifty day moving average of $139.22 and a two-hundred day moving average of $127.88.

Institutional Trading of Cincinnati Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CINF. Avantax Advisory Services Inc. lifted its position in shares of Cincinnati Financial by 24.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,604 shares of the insurance provider’s stock valued at $696,000 after acquiring an additional 1,085 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Cincinnati Financial by 330.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 11,440 shares of the insurance provider’s stock valued at $1,421,000 after acquiring an additional 8,784 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after buying an additional 7,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Cincinnati Financial by 10.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,748 shares of the insurance provider’s stock worth $29,645,000 after acquiring an additional 22,252 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of Cincinnati Financial by 804.2% during the first quarter. Kingsview Wealth Management LLC now owns 17,984 shares of the insurance provider’s stock worth $2,233,000 after purchasing an additional 15,995 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is 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.