Cincinnati Financial (NASDAQ:CINF) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a sell rating to a hold rating in a report published on Thursday morning.

A number of other equities research analysts have also recently issued reports on the stock. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $132.24 on Thursday. The company has a market capitalization of $20.70 billion, a P/E ratio of 9.11, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a fifty day moving average of $139.55 and a 200-day moving average of $142.58.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 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%. As a group, equities research analysts predict that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.63%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Hedge Funds Weigh In On Cincinnati Financial

Several hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. GoalVest Advisory LLC lifted its position in shares of Cincinnati Financial by 65.4% in the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 102 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Cincinnati Financial by 5,000.0% during the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock valued at $38,000 after buying an additional 250 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

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.