Cincinnati Financial Corporation (NASDAQ:CINF) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $147.40.

A number of research analysts recently commented on CINF shares. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th.

Institutional Trading of Cincinnati Financial

Hedge funds have recently modified their holdings of the company. Spire Wealth Management raised its holdings in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cincinnati Financial during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in Cincinnati Financial during the 1st quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Cincinnati Financial during the 1st quarter valued at $32,000. Finally, GoalVest Advisory LLC raised its holdings in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.2%

CINF stock opened at $147.24 on Tuesday. Cincinnati Financial has a twelve month low of $113.70 and a twelve month high of $161.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $23.01 billion, a P/E ratio of 16.06, a PEG ratio of 9.66 and a beta of 0.78. The business's 50-day moving average price is $144.30 and its 200-day moving average price is $142.23.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the firm earned $1.72 EPS. The business's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.36%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

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.

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