Cincinnati Financial Corporation (NASDAQ:CINF) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Cincinnati Financial a “Moderate Buy” consensus, with three hold ratings, one buy, and one strong buy. The average 12-month price target is $195.40, above the reported share price of $169.59.
• The insurer reported quarterly EPS of $1.43, missing the $1.82 consensus estimate, while revenue reached $4.27 billion. Analysts expect full-year EPS of approximately $8.31.
• Cincinnati Financial declared a quarterly dividend of $0.94 per share, or $3.76 annualized, representing a 2.2% yield. Institutional investors own 65.24% of the company, and a director recently purchased 1,000 shares.

Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $195.40.

A number of equities analysts have weighed in on CINF shares. Bank of America downgraded Cincinnati Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Roth Capital raised their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Weiss Ratings cut Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a report on Friday, August 21st. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a report on Wednesday, July 15th. Finally, Piper Sandler raised their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $169.59 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day moving average of $176.05 and a 200-day moving average of $169.13. The stock has a market capitalization of $26.03 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 3.54 and a beta of 0.53. Cincinnati Financial has a fifty-two week low of $150.00 and a fifty-two week high of $194.81.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $1.97 EPS. As a group, sell-side analysts predict that Cincinnati Financial will post 8.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial's payout ratio is currently 17.74%.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $171.64 per share, with a total value of $171,640.00. Following the completion of the purchase, the director directly owned 62,059 shares of the company's stock, valued at $10,651,806.76. This represents a 1.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.94% of the company's stock.

Institutional Trading of Cincinnati Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in shares of Cincinnati Financial by 20,126.7% during the second quarter. California State Teachers Retirement System now owns 41,788,505 shares of the insurance provider's stock worth $7,736,724,000 after acquiring an additional 41,581,904 shares during the last quarter. State Street Corp raised its position in shares of Cincinnati Financial by 0.3% during the third quarter. State Street Corp now owns 8,542,265 shares of the insurance provider's stock worth $1,357,825,000 after purchasing an additional 26,475 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,632,071 shares of the insurance provider's stock valued at $1,083,151,000 after buying an additional 97,761 shares in the last quarter. Geode Capital Management LLC lifted its position in Cincinnati Financial by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider's stock valued at $671,265,000 after acquiring an additional 25,888 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Cincinnati Financial by 59.4% in the first quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider's stock valued at $331,136,000 after purchasing an additional 784,584 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Company Profile

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.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers' compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.

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