Cincinnati Financial (NASDAQ:CINF) Releases Quarterly Earnings Results, Beats Expectations By $1.24 EPS

Cincinnati Financial (NASDAQ:CINF) posted its quarterly earnings data on Monday. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24, Zacks reports. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $139.43 on Wednesday. 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 fifty day moving average price of $143.26 and a 200 day moving average price of $140.36. Cincinnati Financial has a 1-year low of $107.75 and a 1-year high of $161.74. The company has a market cap of $21.80 billion, a PE ratio of 7.16, a P/E/G ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.50%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CINF shares. Piper Sandler increased their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.83% of the company’s stock.

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.