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

by · The Cerbat Gem

Cincinnati Financial (NASDAQ:CINF – Get Free Report) released its quarterly earnings data on Thursday. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04), Briefing.com reports. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $1.66 EPS. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Cincinnati Financial Stock Performance

CINF traded up $3.01 on Friday, hitting $141.25. The company’s stock had a trading volume of 805,210 shares, compared to its average volume of 708,292. The company’s 50 day simple moving average is $135.86 and its 200-day simple moving average is $125.09. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial has a 12 month low of $96.86 and a 12 month high of $142.25. The firm has a market cap of $22.11 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on Cincinnati Financial

Cincinnati Financial Company Profile

(Get Free Report)

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.

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