Cincinnati Financial Co. (NASDAQ:CINF) Receives $147.40 Consensus Price Target from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $147.40.

Several analysts recently commented on CINF shares. Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Roth Mkm increased their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $132.11 on Thursday. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The firm has a market cap of $20.68 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 8.30 and a beta of 0.53. The stock’s 50-day moving average is $139.76 and its two-hundred day moving average is $142.60.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results 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 return on equity of 9.01% and a net margin of 20.22%. Analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were issued a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.63%. Cincinnati Financial’s payout ratio is presently 23.97%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Park National Corp OH increased its position in Cincinnati Financial by 0.6% during the 1st quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock worth $1,874,000 after purchasing an additional 72 shares during the period. Simon Quick Advisors LLC grew its holdings in Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after acquiring an additional 74 shares during the period. Park Avenue Securities LLC raised its position in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after acquiring an additional 78 shares in the last quarter. Tidal Investments LLC lifted its holdings in Cincinnati Financial by 1.4% in the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after acquiring an additional 80 shares during the period. Finally, Weaver Capital Management LLC lifted its holdings in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock valued at $599,000 after acquiring an additional 81 shares during the period. 65.24% of the stock is owned by hedge funds and other 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.