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

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $123.57.

A number of research firms have weighed in on CINF. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Citigroup increased their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Cincinnati Financial during the fourth quarter worth about $179,305,000. Los Angeles Capital Management LLC lifted its position in Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after purchasing an additional 939,861 shares during the last quarter. Select Equity Group L.P. lifted its position in Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after purchasing an additional 440,158 shares during the last quarter. State Street Corp lifted its holdings in shares of Cincinnati Financial by 4.1% in the 1st quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock worth $1,246,056,000 after acquiring an additional 360,552 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Cincinnati Financial by 1,870.3% in the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after acquiring an additional 260,122 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $115.30 on Friday. The stock has a market capitalization of $18.06 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.40 and a beta of 0.63. Cincinnati Financial has a 1 year low of $95.01 and a 1 year high of $124.35. The business’s fifty day moving average is $116.58 and its two-hundred day moving average is $108.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the company posted $1.27 EPS. Cincinnati Financial’s revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that Cincinnati Financial will post 6.2 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, March 18th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s payout ratio is presently 27.76%.

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.