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

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $151.00.

A number of brokerages recently issued reports on CINF. Roth Mkm lifted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th.

Cincinnati Financial Trading Up 1.5 %

Shares of CINF opened at $141.99 on Friday. The stock has a market capitalization of $22.22 billion, a P/E ratio of 9.78, a PEG ratio of 8.30 and a beta of 0.66. The firm has a fifty day simple moving average of $139.30 and a two-hundred day simple moving average of $141.90. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a twelve month low of $109.93 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, research analysts anticipate that Cincinnati Financial will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.45%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Institutional Trading of Cincinnati Financial

Institutional investors have recently made changes to their positions in the business. Smith Shellnut Wilson LLC ADV grew its stake in Cincinnati Financial by 8.8% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 3,328 shares of the insurance provider’s stock valued at $478,000 after acquiring an additional 268 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of Cincinnati Financial by 165.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 5,597 shares of the insurance provider’s stock valued at $804,000 after acquiring an additional 3,488 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Cincinnati Financial in the fourth quarter worth $17,131,000. Mackenzie Financial Corp lifted its position in Cincinnati Financial by 55.1% during the fourth quarter. Mackenzie Financial Corp now owns 55,338 shares of the insurance provider’s stock valued at $7,952,000 after purchasing an additional 19,653 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Cincinnati Financial by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 83,636 shares of the insurance provider’s stock worth $12,018,000 after buying an additional 6,218 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.