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

Cincinnati Financial Co. (NASDAQ:CINF) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $138.57.

A number of analysts have weighed in on the company. Bank of America increased their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock valued at $178,845,000 after buying an additional 16,451 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after acquiring an additional 187,934 shares during the period. Bahl & Gaynor Inc. boosted its stake in shares of Cincinnati Financial by 10.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after acquiring an additional 107,081 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after acquiring an additional 277,550 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 0.2 %

Shares of NASDAQ:CINF opened at $159.83 on Friday. Cincinnati Financial has a 1-year low of $100.31 and a 1-year 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. The stock has a market cap of $24.98 billion, a P/E ratio of 8.21, a P/E/G ratio of 3.06 and a beta of 0.65. The firm has a fifty day moving average price of $143.65 and a 200 day moving average price of $130.95.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts predict that Cincinnati Financial will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

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.