Analysts Set Cincinnati Financial Co. (NASDAQ:CINF) Target Price at $138.57

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $138.57.

Several analysts have recently commented on CINF shares. Bank of America increased their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th.

Cincinnati Financial Stock Up 0.1 %

CINF opened at $159.61 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 2.99 and a beta of 0.65. Cincinnati Financial has a one year low of $99.92 and a one year high of $159.81. The business’s fifty day moving average is $142.18 and its two-hundred day moving average is $130.16.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. Analysts anticipate that Cincinnati Financial will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial in the third quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial in the third quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new position in Cincinnati Financial during the second quarter worth approximately $29,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial during the third quarter worth approximately $29,000. Hedge funds and other institutional investors 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.