Cincinnati Financial Co. (NASDAQ:CINF) Receives $143.33 Consensus Price Target from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $143.33.

Several analysts have recently issued reports on the company. Piper Sandler upped their price target on 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 increased 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 increased 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.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.83% of the stock is owned by corporate insiders.

Institutional Trading of Cincinnati Financial

A number of hedge funds have recently modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $141.24 on Monday. The company has a market cap of $22.08 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The stock has a 50-day moving average of $149.09 and a 200-day moving average of $137.94. Cincinnati Financial has a 52-week low of $104.78 and a 52-week high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) 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 return on equity of 8.25% and a net margin of 25.26%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 EPS. As a group, equities research analysts forecast that Cincinnati Financial will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.29%. Cincinnati Financial’s payout ratio is 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.