Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $160.00

Cincinnati Financial (NASDAQ:CINF) had its price objective increased by Roth Mkm from $140.00 to $160.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the insurance provider’s stock.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted 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. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Trading Down 0.2 %

Shares of NASDAQ:CINF opened at $136.97 on Wednesday. The stock has a market cap of $21.41 billion, a PE ratio of 7.04, a P/E/G ratio of 2.42 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12-month low of $109.93 and a 12-month high of $161.74. The business has a 50 day moving average of $142.07 and a 200-day moving average of $140.40.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. As a group, equities research analysts forecast that Cincinnati Financial will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. Cincinnati Financial’s payout ratio is presently 16.65%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors have recently modified their holdings of CINF. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial in the third quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at approximately $28,000. Y.D. More Investments Ltd increased its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Cincinnati Financial in the 3rd quarter valued at approximately $42,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.