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

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $143.33.

A number of research firms have recently weighed in on CINF. Keefe, Bruyette & Woods increased 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 increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $143.00 on Thursday. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 2.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s fifty day moving average price is $148.09 and its 200 day moving average price is $134.16. Cincinnati Financial has a 1 year low of $100.31 and a 1 year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 earnings per share. As a group, equities research analysts forecast that Cincinnati Financial will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.27%. Cincinnati Financial’s payout ratio is 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cincinnati Financial

A number of large investors have recently added to or reduced their stakes in CINF. Brown Brothers Harriman & Co. increased its stake in shares of Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 68 shares in the last quarter. Wealth Dimensions Group Ltd. boosted its holdings in Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after buying an additional 75 shares during the last quarter. UMB Bank n.a. boosted its holdings in Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after buying an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cincinnati Financial by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 80 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.