Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) Price Target at $143.33

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $143.33.

A number of brokerages have recently issued reports on CINF. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler raised their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors have recently made changes to their positions in the stock. Wealth Alliance Advisory Group LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $209,000. HB Wealth Management LLC lifted its stake in Cincinnati Financial by 28.1% during the fourth quarter. HB Wealth Management LLC now owns 2,620 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 574 shares during the last quarter. Verity & Verity LLC lifted its stake in Cincinnati Financial by 7.9% during the fourth quarter. Verity & Verity LLC now owns 98,573 shares of the insurance provider’s stock worth $14,165,000 after purchasing an additional 7,205 shares during the last quarter. Merit Financial Group LLC bought a new stake in Cincinnati Financial during the fourth quarter worth $614,000. Finally, Avanza Fonder AB bought a new stake in Cincinnati Financial during the fourth quarter worth $1,942,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 1.3 %

Shares of CINF opened at $141.24 on Monday. Cincinnati Financial has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $149.09 and a 200-day simple moving average of $137.94. The stock has a market cap of $22.08 billion, a PE ratio of 7.26, a PEG ratio of 2.89 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. On average, sell-side analysts predict that Cincinnati Financial will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.