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 Stock Performance

Shares of CINF stock opened at $136.96 on Friday. Cincinnati Financial has a 12-month low of $105.75 and a 12-month high of $161.74. The business’s fifty day simple moving average is $144.16 and its 200-day simple moving average is $139.87. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market cap of $21.41 billion, a PE ratio of 7.04, a PEG ratio of 2.41 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. 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%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. 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 report on Tuesday, October 29th. Piper Sandler lifted their target price 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.33.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.83% of the company’s stock.

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.