Cincinnati Financial Corporation (NASDAQ:CINF) Receives Average Rating of “Moderate Buy” from Analysts

Cincinnati Financial Corporation (NASDAQ:CINF) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $195.40.

CINF has been the subject of several recent research reports. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Roth Capital boosted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler increased their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, September 10th. Finally, Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a report on Wednesday, July 15th.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the purchase, the director directly owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cincinnati Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new position in Cincinnati Financial in the 2nd quarter valued at $27,000. Covestor Ltd lifted its position in Cincinnati Financial by 98.8% in the second quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 83 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Cincinnati Financial in the 1st quarter valued at approximately $34,000. SHP Wealth Management acquired a new position in Cincinnati Financial during the 4th quarter worth approximately $44,000. Finally, Westpac Banking Corp acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $55,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $169.90 on Friday. The stock has a fifty day simple moving average of $174.58 and a 200-day simple moving average of $169.41. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. The stock has a market cap of $26.08 billion, a PE ratio of 8.01, a P/E/G ratio of 3.57 and a beta of 0.53. Cincinnati Financial has a twelve month low of $150.00 and a twelve month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company earned $1.97 EPS. Equities analysts anticipate that Cincinnati Financial will post 8.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Cincinnati Financial’s payout ratio is presently 17.74%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers’ compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.