Cincinnati Financial Corporation (NASDAQ:CINF) Given Average Rating of “Moderate Buy” by Brokerages

Cincinnati Financial Corporation (NASDAQ:CINF) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four 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 $168.00.

Several research firms recently weighed in on CINF. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 22nd. Roth Capital reissued a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Piper Sandler increased their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, December 22nd.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CINF. Allworth Financial LP boosted its holdings in shares of Cincinnati Financial by 105.2% in the third quarter. Allworth Financial LP now owns 4,763 shares of the insurance provider’s stock valued at $753,000 after acquiring an additional 2,442 shares during the period. Swiss Life Asset Management Ltd raised its position in Cincinnati Financial by 240.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 35,106 shares of the insurance provider’s stock valued at $5,550,000 after purchasing an additional 24,790 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Cincinnati Financial during the 3rd quarter worth $53,000. CIBC Private Wealth Group LLC grew its position in Cincinnati Financial by 43.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,724 shares of the insurance provider’s stock worth $431,000 after purchasing an additional 827 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Cincinnati Financial during the 3rd quarter worth $3,411,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $164.79 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $162.59 and a 200-day simple moving average of $155.81. The stock has a market cap of $25.71 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 4.31 and a beta of 0.69. Cincinnati Financial has a 12-month low of $123.01 and a 12-month high of $169.86.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share. Equities analysts expect that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Cincinnati Financial’s payout ratio is 25.89%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.