Zacks Research Brokers Decrease Earnings Estimates for CINF

Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Zacks Research cut their FY2024 earnings estimates for shares of Cincinnati Financial in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings of $6.34 per share for the year, down from their previous estimate of $6.54. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.35 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $1.91 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $7.03 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

Several other research analysts have also recently issued reports on CINF. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, Bank of America boosted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Stock Performance

Shares of CINF opened at $149.55 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 52-week low of $99.61 and a 52-week high of $152.30. The stock has a 50 day moving average price of $138.95 and a 200 day moving average price of $127.73. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $1.66 earnings per share. The company’s revenue was up 21.5% compared to the same quarter last year.

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 issued a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.17%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CINF. Brown Brothers Harriman & Co. grew its position in Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after buying an additional 68 shares during the period. Wealth Dimensions Group Ltd. boosted its position in Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after purchasing an additional 75 shares in the last quarter. UMB Bank n.a. grew its holdings in Cincinnati Financial by 7.4% in the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

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.