Cincinnati Financial (NASDAQ:CINF) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Cincinnati Financial (NASDAQ:CINF) released its quarterly earnings results on Thursday. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04), Briefing.com reports. The firm 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 20.20% and a return on equity of 9.10%. Cincinnati Financial’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share.

Cincinnati Financial Trading Up 2.2 %

NASDAQ CINF traded up $3.01 during trading on Friday, hitting $141.25. The stock had a trading volume of 857,014 shares, compared to its average volume of 708,542. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.62 and a beta of 0.66. Cincinnati Financial has a one year low of $96.86 and a one year high of $142.25. The stock has a 50 day simple moving average of $135.86 and a 200 day simple moving average of $125.09.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.29%. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Wall Street Analyst Weigh In

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Roth Mkm raised their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America increased their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.29.

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.