Cincinnati Financial Co. (NASDAQ:CINF) Given Average Rating of “Moderate Buy” by Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $133.57.

Several equities research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Roth Mkm lifted their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America cut their target price on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH raised its holdings in Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock worth $178,845,000 after purchasing an additional 16,451 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after acquiring an additional 187,934 shares during the period. Bahl & Gaynor Inc. boosted its holdings in Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after purchasing an additional 277,550 shares during the period. Finally, Boston Trust Walden Corp grew its position in Cincinnati Financial by 7.8% during the second quarter. Boston Trust Walden Corp now owns 757,795 shares of the insurance provider’s stock valued at $89,496,000 after buying an additional 55,033 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $138.72 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market cap of $21.72 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. The business has a 50 day moving average price of $133.34 and a 200-day moving average price of $123.49. Cincinnati Financial has a 52 week low of $96.86 and a 52 week high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company posted $1.21 earnings per share. Cincinnati Financial’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts anticipate that Cincinnati Financial will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s payout ratio is 21.56%.

About Cincinnati Financial

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.