Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $143.33.

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

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cincinnati Financial

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

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $145.27 on Thursday. The stock has a 50 day moving average price of $148.68 and a 200-day moving average price of $135.09. Cincinnati Financial has a one year low of $101.41 and a one year high of $161.74. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current 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 for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm earned $1.66 EPS. The company’s revenue was up 21.5% on a year-over-year basis. Equities analysts expect that Cincinnati Financial will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.23%. Cincinnati Financial’s payout ratio is currently 16.65%.

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.