Cincinnati Financial (NASDAQ:CINF) Announces Earnings Results

Cincinnati Financial (NASDAQ:CINF) announced its earnings results on Thursday. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03, Briefing.com reports. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS.

Cincinnati Financial Price Performance

Shares of CINF opened at $118.44 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $117.73 and its 200-day moving average price is $109.02. Cincinnati Financial has a 1-year low of $95.01 and a 1-year high of $124.35. The firm has a market capitalization of $18.55 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CINF. 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 lifted their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Citigroup boosted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.57.

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.