Cincinnati Financial Corporation (NASDAQ:CINF) Receives $147.40 Average Target Price from Analysts

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $147.40.

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

Cincinnati Financial Trading Up 0.3%

Shares of Cincinnati Financial stock traded up $0.47 on Tuesday, hitting $146.23. 908,241 shares of the company traded hands, compared to its average volume of 660,090. The stock's 50 day moving average price is $145.07 and its 200-day moving average price is $142.22. The company has a market cap of $22.86 billion, a PE ratio of 15.95, a PEG ratio of 9.54 and a beta of 0.78. Cincinnati Financial has a 52 week low of $114.41 and a 52 week high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted 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. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The business's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.72 EPS. Equities research analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.38%. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.

Institutional Trading of Cincinnati Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Cincinnati Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock valued at $2,844,419,000 after buying an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock valued at $940,130,000 after acquiring an additional 358,018 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after purchasing an additional 185,705 shares during the last quarter. Invesco Ltd. raised its position in shares of Cincinnati Financial by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock valued at $273,062,000 after purchasing an additional 40,222 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in Cincinnati Financial in the 1st quarter worth approximately $270,005,000. Hedge funds and other institutional investors 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.