Cincinnati Financial Co. (NASDAQ:CINF) Receives Average Recommendation of “Moderate Buy” from Analysts

Cincinnati Financial Co. (NASDAQ:CINF) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $151.00.

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

Institutional Investors Weigh In On Cincinnati Financial

Large investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $228,000. Principal Financial Group Inc. boosted its holdings in Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after purchasing an additional 5,097 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth about $307,000. Cowa LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $214,000. Finally, Covestor Ltd lifted its holdings in shares of Cincinnati Financial by 27.2% in the 3rd quarter. Covestor Ltd now owns 1,488 shares of the insurance provider’s stock valued at $203,000 after buying an additional 318 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $139.96 on Friday. The company has a market capitalization of $21.91 billion, a PE ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a 50-day simple moving average of $139.55 and a two-hundred day simple moving average of $141.74. Cincinnati Financial has a one year low of $109.93 and a one year high of $161.74. 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 (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Research analysts expect that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.49%. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

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.