Q3 2024 EPS Estimates for Cincinnati Financial Co. (NASDAQ:CINF) Increased by Analyst

Cincinnati Financial Co. (NASDAQ:CINF) – Roth Capital raised their Q3 2024 EPS estimates for Cincinnati Financial in a report released on Friday, April 26th. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $1.47 per share for the quarter, up from their previous forecast of $1.46. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.33 per share. Roth Capital also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.16 EPS and Q3 2025 earnings at $1.73 EPS.

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

CINF has been the subject of several other reports. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Citigroup lifted their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research note on Monday, April 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Trading Up 1.9 %

Shares of Cincinnati Financial stock opened at $115.69 on Monday. The stock has a fifty day moving average price of $117.84 and a 200-day moving average price of $109.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $18.11 billion, a PE ratio of 7.70, a P/E/G ratio of 2.24 and a beta of 0.63. Cincinnati Financial has a 1 year low of $95.01 and a 1 year high of $124.35.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CINF. Savant Capital LLC increased its position in shares of Cincinnati Financial by 1.6% during the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock valued at $625,000 after buying an additional 96 shares during the period. Octavia Wealth Advisors LLC grew its stake in Cincinnati Financial by 0.9% during the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock valued at $1,160,000 after acquiring an additional 101 shares in the last quarter. Pinion Investment Advisors LLC increased its holdings in Cincinnati Financial by 2.9% during the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 101 shares during the period. Belpointe Asset Management LLC lifted its stake in Cincinnati Financial by 3.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider’s stock worth $365,000 after purchasing an additional 103 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Cincinnati Financial by 11.6% in the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 104 shares during the period. Institutional investors 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.