Cincinnati Financial (NASDAQ:CINF) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Cincinnati Financial (NASDAQ:CINF) in a research report released on Wednesday, Marketbeat.com reports. They currently have a $201.00 price target on the insurance provider’s stock, up from their prior price target of $191.00.

A number of other research firms have also weighed in on CINF. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. Piper Sandler boosted their price target on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bank of America dropped their price target 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. Finally, Roth Capital increased their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.75.

Cincinnati Financial Stock Performance

CINF opened at $181.57 on Wednesday. The company has a 50 day simple moving average of $169.74 and a two-hundred day simple moving average of $165.38. 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 cap of $28.09 billion, a P/E ratio of 10.38, a PEG ratio of 4.08 and a beta of 0.54. Cincinnati Financial has a 1-year low of $143.87 and a 1-year high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm earned ($0.24) EPS. The company’s revenue was up 11.6% on a year-over-year basis. Equities analysts forecast that Cincinnati Financial will post 8.66 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio is presently 21.50%.

Institutional Trading of Cincinnati Financial

A number of large investors have recently added to or reduced their stakes in the company. Bison Wealth LLC purchased a new stake in Cincinnati Financial during the fourth quarter valued at approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after purchasing an additional 525 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after purchasing an additional 173,343 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Cincinnati Financial during the 2nd quarter valued at $101,000. Finally, Cerity Partners LLC raised its holdings in Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after buying an additional 4,674 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

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.