Cincinnati Financial Co. (NASDAQ:CINF) Given Average Rating of “Moderate Buy” by Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $143.33.

A number of equities analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler boosted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Insider Buying and Selling

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial 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. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Cincinnati Financial by 3,381.8% during the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after purchasing an additional 136,725 shares in the last quarter. Daymark Wealth Partners LLC boosted its position in Cincinnati Financial by 0.5% during the fourth quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider’s stock valued at $2,814,000 after purchasing an additional 98 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Cincinnati Financial by 18.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 55,283 shares of the insurance provider’s stock valued at $7,986,000 after purchasing an additional 8,545 shares in the last quarter. Simon Quick Advisors LLC boosted its position 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 valued at $224,000 after purchasing an additional 74 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Cincinnati Financial by 71.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 415 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $140.66 on Monday. The company has a market cap of $21.99 billion, a P/E ratio of 7.23, a P/E/G ratio of 2.25 and a beta of 0.71. 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 business’s 50 day moving average price is $148.67 and its 200-day moving average price is $138.15. Cincinnati Financial has a fifty-two week low of $104.78 and a fifty-two week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. Sell-side analysts predict that Cincinnati Financial will post 6.3 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.