Cincinnati Financial Corporation (NASDAQ:CINF – Get Free Report) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $195.40.
Several brokerages have recently weighed in on CINF. Piper Sandler upped their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research note on Wednesday, July 15th. Weiss Ratings lowered Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Friday. Finally, Roth Capital raised their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th.
View Our Latest Research Report on CINF
Cincinnati Financial Price Performance
Cincinnati Financial (NASDAQ:CINF – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period last year, the business earned $1.97 EPS. On average, equities analysts anticipate that Cincinnati Financial will post 8.31 EPS for the current year.
Cincinnati Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 17.74%.
Institutional Trading of Cincinnati Financial
Hedge funds have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cincinnati Financial in the 2nd quarter worth about $27,000. Covestor Ltd increased its position in shares of Cincinnati Financial by 98.8% during the second quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 83 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in Cincinnati Financial during the first quarter worth about $34,000. Finally, DV Equities LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth about $36,000. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than Cincinnati Financial
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.
