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

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $133.57.

A number of equities research analysts have recently commented on the stock. Roth Mkm raised their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America decreased their target price on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $126.00 to $135.00 in a research report on Friday, June 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CINF. Assetmark Inc. lifted its holdings in Cincinnati Financial by 252.2% in the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial during the 2nd quarter worth $29,000. Raleigh Capital Management Inc. purchased a new position in shares of Cincinnati Financial during the 4th quarter worth $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter worth $47,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Cincinnati Financial during the 2nd quarter worth $49,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $137.18 on Tuesday. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 2.60 and a beta of 0.66. Cincinnati Financial has a 12 month low of $96.86 and a 12 month high of $139.34. The firm’s 50 day simple moving average is $129.39 and its 200-day simple moving average is $121.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Analysts expect that Cincinnati Financial will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.36%. Cincinnati Financial’s payout ratio is currently 21.56%.

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.