Brokerages Set Cincinnati Financial Corporation (NASDAQ:CINF) Price Target at $159.40

Key Points

• Cincinnati Financial Corporation has received an average rating of "Moderate Buy" from five brokerages, with one hold rating and four buy ratings among analysts.
• The company's recent quarterly earnings exceeded expectations, reporting $1.97 EPS, significantly higher than the consensus estimate of $1.39.
• Cincinnati Financial recently declared a $0.87 quarterly dividend to be paid in mid-October, translating to an annualized yield of 2.2%.

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings 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 1 year price objective among analysts that have issued ratings on the stock in the last year is $159.40.

Several analysts recently weighed in on CINF shares. Roth Capital raised 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 raised their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Park National Corp OH increased its position in shares of Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after acquiring an additional 72 shares during the period. ORG Partners LLC increased its position in shares of Cincinnati Financial by 5.0% during the second quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider's stock worth $226,000 after acquiring an additional 72 shares during the period. Spire Wealth Management increased its position in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after acquiring an additional 76 shares during the period. HUB Investment Partners LLC increased its position in shares of Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider's stock worth $303,000 after acquiring an additional 77 shares during the period. Finally, Forum Financial Management LP increased its position in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider's stock worth $588,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded down $0.61 on Friday, hitting $153.40. The stock had a trading volume of 466,835 shares, compared to its average volume of 538,462. Cincinnati Financial has a twelve month low of $123.01 and a twelve month high of $161.74. The business's 50 day moving average is $149.58 and its two-hundred day moving average is $144.75. 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 $23.99 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 7.54 and a beta of 0.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 earnings per share. Analysts forecast that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is 30.18%.

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.