Cincinnati Financial (NASDAQ:CINF) Announces Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Cincinnati Financial (NASDAQ:CINF - Get Free Report) issued its earnings results on Monday. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37, Zacks reports. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion.

Cincinnati Financial Stock Up 1.6 %

CINF opened at $135.87 on Tuesday. Cincinnati Financial has a fifty-two week low of $111.19 and a fifty-two week high of $161.75. The company's 50-day moving average is $139.19 and its 200 day moving average is $142.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market capitalization of $21.27 billion, a P/E ratio of 9.36, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CINF. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.40.

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.