Cincinnati Financial (CINF) Scheduled to Post Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.33. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. During the same period in the previous year, the firm earned $1.27 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect Cincinnati Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Stock Down 1.5 %

Shares of Cincinnati Financial stock opened at $115.30 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial has a 52-week low of $95.01 and a 52-week high of $124.35. The company’s 50 day moving average price is $116.58 and its 200-day moving average price is $108.28. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 2.40 and a beta of 0.63.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.81%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CINF shares. Citigroup upped their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $125.00 to $135.00 in a report on Monday, March 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $123.57.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $149,585,000. Select Equity Group L.P. raised its holdings in Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after acquiring an additional 440,158 shares during the period. State Street Corp lifted its position in shares of Cincinnati Financial by 4.1% in the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after acquiring an additional 360,552 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $22,540,000. Finally, Vanguard Group Inc. grew its position in shares of Cincinnati Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance provider’s stock worth $2,453,379,000 after purchasing an additional 211,402 shares in the last quarter. Institutional investors own 65.24% 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.