Roth Capital Comments on Cincinnati Financial Co.'s Q3 2024 Earnings (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF - Free Report) - Stock analysts at Roth Capital upped their Q3 2024 EPS estimates for shares of Cincinnati Financial in a research note issued to investors on Friday, April 26th. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings per share of $1.47 for the quarter, up from their prior forecast of $1.46. The consensus estimate for Cincinnati Financial's current full-year earnings is $6.33 per share. Roth Capital also issued estimates for Cincinnati Financial's Q4 2024 earnings at $2.16 EPS and Q3 2025 earnings at $1.73 EPS.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.03. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The firm had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company's quarterly revenue was up 31.0% on a year-over-year basis.

Several other brokerages have also commented on CINF. TheStreet raised shares of Cincinnati Financial from a "c+" rating to a "b" rating in a report on Tuesday, February 6th. Piper Sandler reaffirmed a "neutral" rating and issued a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. BMO Capital Markets raised Cincinnati Financial from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $123.57.

Cincinnati Financial Stock Up 2.4 %

Shares of Cincinnati Financial stock traded up $2.67 during trading on Monday, reaching $113.55. The company's stock had a trading volume of 1,372,447 shares, compared to its average volume of 882,237. The company has a 50-day simple moving average of $117.74 and a two-hundred day simple moving average of $109.27. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 7.55, a P/E/G ratio of 2.24 and a beta of 0.63. Cincinnati Financial has a 1-year low of $95.01 and a 1-year high of $124.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CINF. Assetmark Inc. boosted its holdings in Cincinnati Financial by 252.2% in the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 174 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter worth $31,000. Raleigh Capital Management Inc. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at $31,000. Finally, NBC Securities Inc. bought a new position in shares of Cincinnati Financial in the third quarter worth about $39,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Company Profile

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.