Cincinnati Financial Co. (NASDAQ:CINF) Receives $132.50 Consensus Price Target from Brokerages

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $133.57.

A number of analysts have recently commented on the stock. Roth Mkm lifted their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Bank of America upped their target price on shares of Cincinnati Financial from $143.00 to $156.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $135.00 in a report on Friday, June 28th.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $123.96 on Monday. The company has a 50 day moving average price of $117.67 and a 200-day moving average price of $116.26. Cincinnati Financial has a 52 week low of $96.86 and a 52 week high of $128.23. The firm has a market capitalization of $19.41 billion, a PE ratio of 8.25, a P/E/G ratio of 2.69 and a beta of 0.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.29%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts expect that Cincinnati Financial will post 6.25 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.61%. Cincinnati Financial’s payout ratio is currently 21.56%.

Hedge Funds Weigh In On Cincinnati Financial

A number of hedge funds have recently modified their holdings of CINF. Assetmark Inc. boosted its position in shares of Cincinnati Financial by 252.2% in the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares during the period. Criterion Capital Advisors LLC bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $27,000. BKM Wealth Management LLC bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $31,000. Raleigh Capital Management Inc. bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $31,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $39,000. 65.24% of the stock is currently owned by institutional investors.

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.