Cincinnati Financial Co. (NASDAQ:CINF) has been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $103.33.
A number of equities analysts have recently weighed in on CINF shares. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. MKM Partners increased their target price on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Credit Suisse Group lowered Advanced Disposal Services from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $29.00 to $33.00 in a research note on Friday, May 17th. Finally, BidaskClub lowered Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday.
Shares of NASDAQ CINF traded up $0.87 during trading hours on Friday, reaching $107.68. 388,657 shares of the stock were exchanged, compared to its average volume of 707,420. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 32.14 and a beta of 0.67. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.10. Cincinnati Financial has a 52 week low of $69.05 and a 52 week high of $108.50. The company’s fifty day simple moving average is $103.09.
Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.47 billion. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The firm’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. On average, research analysts predict that Cincinnati Financial will post 3.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 18th. This represents a $2.24 dividend on an annualized basis and a yield of 2.08%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 66.87%.
A number of institutional investors have recently bought and sold shares of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of Cincinnati Financial by 31.0% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 14,497 shares of the insurance provider’s stock valued at $1,503,000 after purchasing an additional 3,428 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its holdings in shares of Cincinnati Financial by 30.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 10,386 shares of the insurance provider’s stock valued at $1,076,000 after purchasing an additional 2,399 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Cincinnati Financial by 10.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 26,533 shares of the insurance provider’s stock valued at $2,751,000 after purchasing an additional 2,500 shares in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of Cincinnati Financial by 2.5% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 8,079 shares of the insurance provider’s stock valued at $838,000 after purchasing an additional 199 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at $300,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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