What is Zacks Research’s Forecast for CINF FY2024 Earnings?

Cincinnati Financial Co. (NASDAQ:CINF) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for Cincinnati Financial in a report released on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings of $6.34 per share for the year, down from their previous forecast of $6.54. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.35 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $1.91 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $7.03 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS.

Several other equities analysts have also weighed in on the stock. Bank of America raised their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $151.78 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $139.54 and its 200 day moving average price is $128.14. Cincinnati Financial has a 52-week low of $99.61 and a 52-week high of $152.30. The firm has a market cap of $23.73 billion, a P/E ratio of 7.80, a PEG ratio of 2.86 and a beta of 0.65.

Hedge Funds Weigh In On Cincinnati Financial

Large investors have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial during the third quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the third quarter worth $27,000. Future Financial Wealth Managment LLC acquired a new position in shares of Cincinnati Financial in the third quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.13%. Cincinnati Financial’s payout ratio is 16.65%.

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.