Cincinnati Financial Corporation (NASDAQ:CINF) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately positive: Five analysts give Cincinnati Financial an average “Moderate Buy” rating, with a consensus 1-year price target of $195.40.
• Institutional and insider activity was favorable: Director Dirk Debbink bought 1,000 shares, while institutional investors collectively own 65.24% of the company.
• The company declared a quarterly dividend of $0.94 per share, equivalent to $3.76 annually and a 2.3% yield; however, its latest quarterly EPS of $1.43 fell short of the $1.82 analyst consensus.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF - Get Free Report) have earned an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $195.40.

A number of analysts recently issued reports on the stock. Bank of America downgraded shares of 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 report on Thursday, July 30th. Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings upgraded Cincinnati Financial from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, September 10th. Piper Sandler upped their price target on Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Finally, Roth Capital upped their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director owned 62,059 shares in the company, valued at $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.94% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its stake in shares of Cincinnati Financial by 94.8% in the third quarter. Rosenberg Matthew Hamilton now owns 520 shares of the insurance provider's stock worth $83,000 after acquiring an additional 253 shares in the last quarter. Park National Corp OH lifted its position in Cincinnati Financial by 693.3% in the third quarter. Park National Corp OH now owns 90,478 shares of the insurance provider's stock valued at $14,419,000 after acquiring an additional 79,073 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Cincinnati Financial by 985.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 36,517 shares of the insurance provider's stock worth $5,820,000 after acquiring an additional 33,154 shares during the last quarter. CX Institutional boosted its stake in shares of Cincinnati Financial by 10.7% during the 3rd quarter. CX Institutional now owns 37,415 shares of the insurance provider's stock worth $5,963,000 after acquiring an additional 3,623 shares in the last quarter. Finally, Planning Strategies Inc. lifted its stake in Cincinnati Financial by 6,740.0% in the 3rd quarter. Planning Strategies Inc. now owns 342 shares of the insurance provider's stock valued at $55,000 after buying an additional 337 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $162.14 on Tuesday. The firm's fifty day moving average is $170.57 and its two-hundred day moving average is $169.19. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 2.76 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial has a one year low of $150.00 and a one year high of $194.81.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $1.97 EPS. Research analysts expect that Cincinnati Financial will post 8.35 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be given a $0.94 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio is 17.74%.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners' policies, commercial auto, workers' compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.

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