Cincinnati Financial Corporation (NASDAQ:CINF) Receives $171.67 Consensus PT from Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $168.00.

Several research firms have recently weighed in on CINF. Roth Capital reissued a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Finally, Piper Sandler upped their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the acquisition, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.83% of the stock is owned by insiders.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Cincinnati Financial in the first quarter worth about $337,000. FJ Capital Management LLC grew its position in shares of Cincinnati Financial by 97.5% during the 1st quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock valued at $4,327,000 after acquiring an additional 14,464 shares during the period. American National Bank & Trust purchased a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $506,000. Arrowstreet Capital Limited Partnership raised its holdings in Cincinnati Financial by 37.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 242,604 shares of the insurance provider’s stock worth $36,129,000 after purchasing an additional 66,005 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Cincinnati Financial by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,728 shares of the insurance provider’s stock worth $3,772,000 after purchasing an additional 210 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.7%

Shares of NASDAQ CINF opened at $164.79 on Monday. Cincinnati Financial has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $25.71 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 4.34 and a beta of 0.69. The business’s 50 day moving average price is $162.59 and its 200-day moving average price is $155.68.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. On average, sell-side analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.48 annualized dividend and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio is 25.89%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.