Cincinnati Financial Co. (NASDAQ:CINF) Receives $143.33 Average Target Price from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $143.33.

A number of equities research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.83% of the company’s stock.

Institutional Investors Weigh In On Cincinnati Financial

Large investors have recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the 3rd quarter worth $28,000. Rothschild Investment LLC purchased a new stake in shares of Cincinnati Financial in the 2nd quarter worth about $29,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the third quarter valued at about $29,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 1.2 %

Shares of NASDAQ:CINF opened at $142.90 on Thursday. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 2.89 and a beta of 0.69. Cincinnati Financial has a one year low of $101.41 and a one year high of $161.74. The firm has a fifty day moving average price of $148.39 and a two-hundred day moving average price of $134.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. Analysts anticipate that Cincinnati Financial will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is presently 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.