Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $143.33

Cincinnati Financial Co. (NASDAQ:CINF) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $151.00.

A number of equities research analysts recently weighed in on CINF shares. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.83% of the company’s stock.

Institutional Trading of Cincinnati Financial

Several institutional investors and hedge funds have recently made changes to their positions in CINF. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $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 acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at approximately $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the period. Finally, True Wealth Design LLC bought a new stake in Cincinnati Financial in the third quarter valued at approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $136.61 on Wednesday. The firm has a market capitalization of $21.35 billion, a P/E ratio of 7.02, a P/E/G ratio of 2.42 and a beta of 0.71. The stock has a fifty day moving average price of $141.36 and a two-hundred day moving average price of $140.66. Cincinnati Financial has a 52-week low of $109.93 and a 52-week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results 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 net margin of 25.26% and a return on equity of 8.25%. As a group, analysts anticipate that Cincinnati Financial will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

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.