Cincinnati Financial (NASDAQ:CINF) Posts Quarterly Earnings Results

Cincinnati Financial (NASDAQ:CINF) posted its quarterly earnings results on Monday. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37, Zacks reports. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $139.85 on Wednesday. Cincinnati Financial has a 1 year low of $111.92 and a 1 year high of $161.75. The stock has a market cap of $21.90 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 8.30 and a beta of 0.53. The firm’s 50-day moving average is $139.27 and its 200 day moving average is $142.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.49%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.40.

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.