Cincinnati Financial Corporation (NASDAQ:CINF) Given Consensus Rating of “Buy” by Brokerages

Cincinnati Financial Corporation (NASDAQ:CINF) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $183.25.

A number of equities analysts have recently commented on CINF shares. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Piper Sandler lifted their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Roth Mkm lifted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Bank of America dropped their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th.

Institutional Investors Weigh In On Cincinnati Financial

Several large investors have recently added to or reduced their stakes in the business. Triton Financial Group Inc boosted its stake in Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares during the period. Essex Financial Services Inc. raised its position in Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after purchasing an additional 77 shares in the last quarter. HUB Investment Partners LLC lifted its stake in Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 77 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Cincinnati Financial by 1.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock worth $669,000 after purchasing an additional 77 shares during the last quarter. Finally, William B. Walkup & Associates Inc. lifted its stake in Cincinnati Financial by 2.9% during the first quarter. William B. Walkup & Associates Inc. now owns 2,898 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $184.08 on Friday. Cincinnati Financial has a one year low of $143.87 and a one year high of $185.20. The business has a fifty day moving average price of $166.23 and a 200-day moving average price of $164.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $28.48 billion, a P/E ratio of 10.52, a PEG ratio of 4.00 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned ($0.24) earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Cincinnati Financial will post 8.61 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.0%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

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.