Cincinnati Financial Co. (NASDAQ:CINF) Receives $126.00 Consensus PT from Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $127.80.

A number of equities analysts recently commented on the stock. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $135.00 in a report on Friday.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $118.10 on Thursday. The firm has a 50-day moving average of $116.47 and a 200-day moving average of $113.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $18.49 billion, a PE ratio of 7.86, a P/E/G ratio of 2.51 and a beta of 0.65. Cincinnati Financial has a 52-week low of $95.40 and a 52-week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the firm earned $0.89 earnings per share. Cincinnati Financial’s revenue for the quarter was up 31.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Cincinnati Financial will post 6.32 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 annualized dividend and a yield of 2.74%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the transaction, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. lifted its position in shares of Cincinnati Financial by 252.2% in the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $31,000. Raleigh Capital Management Inc. acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $31,000. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.