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

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

CINF has been the subject of several recent research reports. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Bank of America upped their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $142.90 on Thursday. 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 firm has a fifty day simple moving average of $148.39 and a two-hundred day simple moving average of $134.68. Cincinnati Financial has a 12 month low of $101.41 and a 12 month high of $161.74. The firm has a market capitalization of $22.34 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69.

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

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.27%. Cincinnati Financial’s payout ratio is currently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the purchase, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cincinnati Financial

Several large investors have recently modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial in the 3rd quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial in the third quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

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.