Equities Analysts Issue Forecasts for Cincinnati Financial Co.'s Q3 2024 Earnings (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF - Free Report) - Equities research analysts at Zacks Research upped their Q3 2024 earnings per share estimates for Cincinnati Financial in a report issued on Thursday, April 18th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.30. The consensus estimate for Cincinnati Financial's current full-year earnings is $6.20 per share. Zacks Research also issued estimates for Cincinnati Financial's Q4 2024 earnings at $2.02 EPS, FY2024 earnings at $5.64 EPS, Q1 2025 earnings at $1.43 EPS, Q3 2025 earnings at $1.49 EPS, Q4 2025 earnings at $1.86 EPS, FY2025 earnings at $6.10 EPS and FY2026 earnings at $7.23 EPS.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler restated a "neutral" rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. Citigroup upped their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets raised Cincinnati Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Hold" and a consensus target price of $123.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $2.43 during trading hours on Friday, hitting $119.95. 808,530 shares of the company were exchanged, compared to its average volume of 874,403. Cincinnati Financial has a 1 year low of $95.01 and a 1 year high of $124.35. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average of $116.99 and a 200-day moving average of $108.48. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 2.37 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, topping the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company's quarterly revenue was up 7.7% compared to the same quarter last year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were issued a $0.81 dividend. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.70%. Cincinnati Financial's dividend payout ratio is 27.76%.

Institutional Trading of Cincinnati Financial

Several large investors have recently bought and sold shares of the company. United Capital Financial Advisers LLC grew its holdings in Cincinnati Financial by 0.9% in the first quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider's stock valued at $1,311,000 after purchasing an additional 87 shares during the last quarter. Savant Capital LLC grew its holdings in Cincinnati Financial by 1.6% in the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider's stock valued at $625,000 after purchasing an additional 96 shares during the last quarter. Octavia Wealth Advisors LLC grew its holdings in Cincinnati Financial by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider's stock valued at $1,160,000 after purchasing an additional 101 shares during the last quarter. Pinion Investment Advisors LLC grew its holdings in Cincinnati Financial by 2.9% in the fourth quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider's stock valued at $374,000 after purchasing an additional 101 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in Cincinnati Financial by 3.0% in the third quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider's stock valued at $365,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

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.