Cincinnati Financial Co. (NASDAQ:CINF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $143.33.

A number of equities research analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler upped their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday.

Cincinnati Financial Stock Down 4.6 %

Shares of NASDAQ CINF traded down $6.45 during midday trading on Wednesday, hitting $132.98. 262,641 shares of the stock traded hands, compared to its average volume of 714,336. Cincinnati Financial has a one year low of $107.75 and a one year high of $161.74. The company has a market cap of $20.79 billion, a PE ratio of 6.84, a P/E/G ratio of 2.42 and a beta of 0.71. The business has a 50 day moving average price of $142.92 and a two-hundred day moving average price of $140.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. On average, equities analysts predict that Cincinnati Financial will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.62%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is 16.65%.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is owned by insiders.

Institutional Trading of Cincinnati Financial

Several large investors have recently bought and sold shares of CINF. CWM LLC grew its stake in shares of Cincinnati Financial by 83.5% in the third quarter. CWM LLC now owns 15,392 shares of the insurance provider’s stock worth $2,095,000 after acquiring an additional 7,004 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Cincinnati Financial by 1,111.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 763 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 700 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Cincinnati Financial in the third quarter worth $174,000. Creative Planning boosted its holdings in shares of Cincinnati Financial by 167.2% during the 3rd quarter. Creative Planning now owns 143,869 shares of the insurance provider’s stock valued at $19,583,000 after purchasing an additional 90,021 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Cincinnati Financial by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,314 shares of the insurance provider’s stock worth $2,221,000 after purchasing an additional 256 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

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.