Cincinnati Financial Corporation (NASDAQ:CINF) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy" — Five analysts cover Cincinnati Financial with four buy ratings and one hold, and the 1-year average price target is $174.75.
• Institutional buying notable: Goldman Sachs raised its stake 43.9% to 567,894 shares (~$83.9M), and institutions/hedge funds now own 65.24% of the stock.
• Company fundamentals: Q4 EPS beat at $3.37 vs. $2.86 expected and revenue $3.09B (up 21.8% YoY), and Cincinnati Financial raised its quarterly dividend to $0.94 ($3.76 annualized, 2.3% yield).

Shares of Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $174.75.

A number of research analysts have issued reports on the company. Piper Sandler lifted their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday, December 22nd. Bank of America decreased their price target on Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $191.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, April 7th. Weiss Ratings cut Cincinnati Financial from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen cut Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds have recently made changes to their positions in the company. Bison Wealth LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cincinnati Financial by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider's stock worth $2,823,000 after purchasing an additional 525 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Cincinnati Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider's stock worth $83,889,000 after purchasing an additional 173,343 shares in the last quarter. Federated Hermes Inc. bought a new position in Cincinnati Financial in the second quarter worth approximately $101,000. Finally, Cerity Partners LLC grew its stake in Cincinnati Financial by 10.8% in the second quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider's stock worth $7,115,000 after purchasing an additional 4,674 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 0.1%

Shares of NASDAQ CINF traded down $0.22 during midday trading on Tuesday, hitting $163.47. 201,315 shares of the stock traded hands, compared to its average volume of 748,607. The company has a market cap of $25.45 billion, a PE ratio of 10.78, a P/E/G ratio of 3.63 and a beta of 0.63. Cincinnati Financial has a one year low of $126.45 and a one year high of $174.27. The business has a 50 day moving average price of $162.88 and a two-hundred day moving average price of $162.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted $3.14 earnings per share. Cincinnati Financial's revenue was up 21.8% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. Cincinnati Financial's dividend payout ratio is presently 24.79%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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