Cincinnati Financial Co. (NASDAQ:CINF) Plans Quarterly Dividend of $0.87

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) announced a quarterly dividend on Monday, May 5th, RTT News reports. Investors of record on Monday, June 23rd will be paid a dividend of 0.87 per share by the insurance provider on Tuesday, July 15th. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd.

Cincinnati Financial has raised its dividend by an average of 8.7% per year over the last three years and has increased its dividend every year for the last 65 years. Cincinnati Financial has a payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cincinnati Financial to earn $7.92 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 43.9%.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $1.13 during trading on Friday, reaching $147.80. The company's stock had a trading volume of 503,004 shares, compared to its average volume of 662,450. The company has a 50-day moving average price of $139.59 and a two-hundred day moving average price of $142.77. Cincinnati Financial has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The firm has a market cap of $23.10 billion, a PE ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

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, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial will post 5.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CINF. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Hedge Funds Weigh In On Cincinnati Financial

A hedge fund recently bought a new stake in Cincinnati Financial stock. Bison Wealth LLC acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,462 shares of the insurance provider's stock, valued at approximately $210,000. Institutional investors and hedge funds own 65.24% of the company's stock.

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.