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

Key Points

• Cincinnati Financial Corporation (NASDAQ:CINF) is rated as a "Moderate Buy" by analysts, with an average twelve-month price target of $157.25.
• In their recent earnings report, the company posted $1.97 EPS, surpassing estimates, although revenue fell short of expectations.
• The company announced a quarterly dividend of $0.87 per share, reflecting an annualized dividend yield of 2.2%.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $157.25.

CINF has been the subject of several research analyst reports. Roth Capital lifted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Cincinnati Financial in a research report on Wednesday.

Cincinnati Financial Price Performance

CINF stock opened at $158.97 on Friday. The firm has a 50 day moving average of $155.11 and a 200-day moving average of $148.06. The firm has a market capitalization of $24.86 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 7.77 and a beta of 0.72. Cincinnati Financial has a 12 month low of $123.01 and a 12 month high of $166.90. 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 earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. As a group, sell-side analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio (DPR) is 30.18%.

Institutional Investors Weigh In On Cincinnati Financial

A number of large investors have recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Cincinnati Financial in the 2nd quarter worth about $25,000. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Cincinnati Financial in the first quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new position in Cincinnati Financial during the first quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 65.24% 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.

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