Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of “Moderate Buy” from Analysts

26 Dec 2024, 04:40 by Jessica Moore · The Cerbat Gem

Cincinnati Financial Co. (NASDAQ:CINF – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $143.33.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th.

Get Our Latest Stock Report on Cincinnati Financial

Cincinnati Financial Stock Up 1.7 %

CINF stock opened at $145.27 on Thursday. The stock has a market capitalization of $22.71 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. Cincinnati Financial has a 52 week low of $101.41 and a 52 week high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $148.68 and a 200 day moving average of $135.09.

Cincinnati Financial (NASDAQ:CINF – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.23%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new position in Cincinnati Financial during the second quarter worth approximately $278,000. Brookstone Capital Management purchased a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $252,000. Raymond James & Associates grew its stake in Cincinnati Financial by 4.6% in the 2nd quarter. Raymond James & Associates now owns 51,020 shares of the insurance provider’s stock valued at $6,025,000 after acquiring an additional 2,238 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Cincinnati Financial by 55.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,080 shares of the insurance provider’s stock worth $836,000 after acquiring an additional 2,522 shares in the last quarter. Finally, Family Firm Inc. acquired a new position in Cincinnati Financial during the second quarter worth $69,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

About Cincinnati Financial

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