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

Cincinnati Financial Corporation (NASDAQ:CINF) has received an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $171.6667.

Several equities research analysts recently issued reports on CINF shares. Piper Sandler reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Monday. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 15th. Roth Capital reissued a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th.

Cincinnati Financial Trading Down 0.4%

NASDAQ:CINF opened at $167.29 on Monday. The stock has a fifty day simple moving average of $161.55 and a 200-day simple moving average of $155.20. The company has a market capitalization of $26.10 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 4.38 and a beta of 0.69. Cincinnati Financial has a 52-week low of $123.01 and a 52-week high of $169.86. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) 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 analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. On average, equities research analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

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 paid a $0.87 dividend. The ex-dividend date is Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is 25.89%.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were bought at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the acquisition, the director directly owned 58,482 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds have recently added to or reduced their stakes in the business. Bison Wealth LLC acquired a new position in Cincinnati Financial during the 4th quarter valued at approximately $210,000. American Century Companies Inc. grew its stake in shares of Cincinnati Financial by 1.4% in the first quarter. American Century Companies Inc. now owns 52,361 shares of the insurance provider’s stock worth $7,735,000 after purchasing an additional 703 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Cincinnati Financial by 14.6% during the first quarter. Norinchukin Bank The now owns 7,782 shares of the insurance provider’s stock valued at $1,150,000 after purchasing an additional 990 shares during the period. Compound Planning Inc. bought a new stake in shares of Cincinnati Financial during the first quarter valued at about $202,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Cincinnati Financial by 39.4% in the first quarter. Smartleaf Asset Management LLC now owns 2,694 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 761 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

About Cincinnati Financial

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.