Cincinnati Financial Co. (NASDAQ:CINF) Receives $143.33 Average Target Price from Analysts

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $151.00.

A number of brokerages recently weighed in on CINF. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Piper Sandler upped their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th.

Cincinnati Financial Stock Down 0.2 %

Shares of NASDAQ:CINF opened at $136.97 on Wednesday. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.74. The company has a market cap of $21.41 billion, a PE ratio of 7.04, a P/E/G ratio of 2.42 and a beta of 0.71. 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 stock’s 50-day moving average is $142.07 and its 200 day moving average is $140.40.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Sell-side analysts anticipate that Cincinnati Financial will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is 16.65%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors have recently bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial in the third quarter valued at $28,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $27,000. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $42,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.