Cincinnati Financial Co. (NASDAQ:CINF) Given Average Recommendation of "Moderate Buy" by Analysts

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $147.40.

A number of research firms have commented on CINF. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its stake in shares of Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after purchasing an additional 2,122 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after acquiring an additional 2,383 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at $4,935,000. Aviva PLC boosted its holdings in shares of Cincinnati Financial by 68.0% during the 4th quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock valued at $1,398,000 after acquiring an additional 3,938 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Cincinnati Financial by 2.3% during the 4th quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider's stock valued at $61,445,000 after acquiring an additional 9,529 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded up $0.02 during trading hours on Friday, reaching $149.99. 1,106,734 shares of the stock were exchanged, compared to its average volume of 665,647. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial has a 52 week low of $111.92 and a 52 week high of $161.75. The stock's fifty day simple moving average is $141.05 and its 200 day simple moving average is $143.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business posted $1.72 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. Cincinnati Financial's payout ratio is 37.95%.

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.