Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $147.40

Cincinnati Financial Co. (NASDAQ:CINF) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $147.40.

CINF has been the subject of several research reports. StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their target price 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.

Cincinnati Financial Stock Up 0.8%

Shares of CINF opened at $147.80 on Monday. The business’s 50 day moving average is $139.59 and its 200 day moving average is $142.83. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12-month low of $111.92 and a 12-month high of $161.75. The company has a market capitalization of $23.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. 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 analysts’ expectations of $2.70 billion. During the same quarter last year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s payout ratio is currently 37.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management grew its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Cincinnati Financial during the first quarter worth $30,000. 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.