Q3 2024 EPS Estimates for Cincinnati Financial Co. (NASDAQ:CINF) Raised by Analyst

Cincinnati Financial Co. (NASDAQ:CINF) – Analysts at Zacks Research boosted their Q3 2024 earnings estimates for shares of Cincinnati Financial in a research report issued on Thursday, April 18th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $1.36 for the quarter, up from their prior estimate of $1.30. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.20 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.02 EPS, FY2024 earnings at $5.64 EPS, Q1 2025 earnings at $1.43 EPS, Q3 2025 earnings at $1.49 EPS, Q4 2025 earnings at $1.86 EPS, FY2025 earnings at $6.10 EPS and FY2026 earnings at $7.23 EPS.

A number of other research analysts have also weighed in on CINF. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup lifted their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Trading Up 2.1 %

Shares of CINF stock opened at $119.95 on Friday. The stock’s fifty day moving average is $116.99 and its two-hundred day moving average is $108.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $18.79 billion, a P/E ratio of 10.28, a PEG ratio of 2.37 and a beta of 0.63. Cincinnati Financial has a fifty-two week low of $95.01 and a fifty-two week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS.

Institutional Trading of Cincinnati Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Direct Indexing L.P. raised its holdings in Cincinnati Financial by 16.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,305 shares of the insurance provider’s stock valued at $286,000 after buying an additional 331 shares during the period. Norden Group LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at about $354,000. Allspring Global Investments Holdings LLC grew its position in Cincinnati Financial by 25.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,086 shares of the insurance provider’s stock valued at $2,494,000 after acquiring an additional 4,024 shares in the last quarter. Trilogy Capital Inc. acquired a new position in Cincinnati Financial in the 1st quarter valued at about $3,000,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Cincinnati Financial by 117.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,558 shares of the insurance provider’s stock valued at $566,000 after acquiring an additional 2,461 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were issued a $0.81 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, March 18th. Cincinnati Financial’s payout ratio is 27.76%.

Cincinnati Financial Company Profile

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.