Cincinnati Financial Corporation (CINF) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts maintain a “Moderate Buy” consensus on Cincinnati Financial, with three holds, one buy, and one strong buy; the average 12-month price target is $191.60.
• Cincinnati Financial reported quarterly EPS of $2.86, beating the $2.05 consensus estimate, while revenue rose 4.8% year over year to $3.05 billion.
• Institutional investors own 65.24% of the company, and a director recently purchased 1,000 shares. The company also pays a quarterly dividend of $0.94, equivalent to a 2.1% annual yield.

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $191.60.

A number of research firms have issued reports on CINF. Bank of America cut Cincinnati Financial from a "buy" rating to a "neutral" rating and decreased their target price for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $190.00 to $171.00 and set a "market perform" rating for the company in a report on Monday, October 12th. Weiss Ratings downgraded Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. Roth Capital lifted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on Cincinnati Financial from $175.00 to $197.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk Debbink acquired 1,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $171.64 per share, with a total value of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares in the company, valued at $10,651,806.76. This trade represents a 1.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Cincinnati Financial by 225.5% in the 2nd quarter. State Street Corp now owns 26,974,052 shares of the insurance provider's stock valued at $4,993,976,000 after buying an additional 18,686,673 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Cincinnati Financial by 1,474.8% during the second quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider's stock worth $415,267,000 after buying an additional 2,100,563 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Cincinnati Financial by 59.4% during the first quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider's stock worth $331,136,000 after buying an additional 784,584 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Cincinnati Financial during the second quarter worth $347,891,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Cincinnati Financial in the third quarter valued at about $248,705,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $181.19 on Friday. The business's 50-day simple moving average is $169.33 and its 200 day simple moving average is $168.14. The stock has a market cap of $27.81 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.92 and a beta of 0.52. Cincinnati Financial has a 12-month low of $151.99 and a 12-month high of $194.81. The company has a quick ratio of 0.31, a current ratio of 0.27 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The insurance provider reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.81. Cincinnati Financial had a return on equity of 9.48% and a net margin of 20.07%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company earned $2.85 earnings per share. The company's revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Cincinnati Financial will post 9.09 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd were issued a $0.94 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. Cincinnati Financial's dividend payout ratio (DPR) is 22.05%.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

The company's principal business is property and casualty insurance. Its offerings include commercial insurance for businesses, personal insurance for individuals and families, and specialty coverage for risks that may require more customized underwriting.

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