Cincinnati Financial Corporation (NASDAQ:CINF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) have been given a consensus rating of “Moderate Buy” by the four analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $174.3333.

Several research firms have recently commented on CINF. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Piper Sandler raised their target price on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $158.15 on Friday. Cincinnati Financial has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The company has a market cap of $24.67 billion, a PE ratio of 11.77, a P/E/G ratio of 3.65 and a beta of 0.66. 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 business has a 50-day simple moving average of $164.16 and a two-hundred day simple moving average of $157.78.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. Cincinnati Financial’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $1.42 EPS. As a group, equities analysts expect that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is 25.89%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CINF. Bison Wealth LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth about $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cincinnati Financial by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Cincinnati Financial by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after acquiring an additional 173,343 shares in the last quarter. Inspire Investing LLC lifted its holdings in Cincinnati Financial by 18.8% in the first quarter. Inspire Investing LLC now owns 2,138 shares of the insurance provider’s stock valued at $316,000 after acquiring an additional 338 shares during the period. Finally, Voya Investment Management LLC boosted its position in Cincinnati Financial by 1.6% in the 1st quarter. Voya Investment Management LLC now owns 50,087 shares of the insurance provider’s stock worth $7,399,000 after purchasing an additional 768 shares in the last quarter. Hedge funds and other 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.