FY2024 Earnings Forecast for Cincinnati Financial Co. (NASDAQ:CINF) Issued By Zacks Research

Cincinnati Financial Co. (NASDAQ:CINF - Free Report) - Stock analysts at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Cincinnati Financial in a report released on Thursday, May 16th. Zacks Research analyst T. De anticipates that the insurance provider will post earnings of $6.27 per share for the year. The consensus estimate for Cincinnati Financial's current full-year earnings is $6.36 per share. Zacks Research also issued estimates for Cincinnati Financial's Q1 2025 earnings at $1.71 EPS and Q1 2026 earnings at $1.99 EPS.

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

Other equities research analysts have also recently issued reports about the company. Citigroup upped their target price on Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. BMO Capital Markets upgraded 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 research note on Monday, March 25th. 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 research note on Wednesday, April 10th. Finally, Piper Sandler restated a "neutral" rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Cincinnati Financial presently has an average rating of "Hold" and a consensus target price of $126.00.

Cincinnati Financial Trading Down 1.8 %

Cincinnati Financial stock traded down $2.11 during mid-day trading on Monday, hitting $117.95. The company's stock had a trading volume of 625,232 shares, compared to its average volume of 831,794. The company has a 50 day moving average of $118.88 and a 200-day moving average of $110.97. The stock has a market cap of $18.47 billion, a PE ratio of 7.85, a P/E/G ratio of 2.57 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial has a one year low of $95.01 and a one year high of $124.35.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its holdings in shares of Cincinnati Financial by 252.2% in the fourth 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 stake in Cincinnati Financial during the fourth quarter worth about $27,000. BKM Wealth Management LLC acquired a new stake in Cincinnati Financial during the fourth quarter worth about $31,000. Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial during the fourth quarter worth about $31,000. Finally, NBC Securities Inc. acquired a new stake in Cincinnati Financial during the third quarter worth about $39,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the business's stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares of the company's stock, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 14th. Cincinnati Financial's dividend payout ratio (DPR) is presently 21.56%.

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.