Analysts Set Cincinnati Financial Co. (NASDAQ:CINF) Price Target at $147.40

Shares of Cincinnati Financial Co. (NASDAQ:CINF) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $147.40.

A number of brokerages have recently issued reports on CINF. StockNews.com cut shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the 4th quarter valued at $27,000. Y.D. More Investments Ltd boosted its stake in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the period. GoalVest Advisory LLC grew its holdings in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 102 shares during the last quarter. Whipplewood Advisors LLC raised its position in Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 200 shares during the period. Finally, Quarry LP bought a new stake in Cincinnati Financial in the third quarter worth about $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.4 %

Shares of CINF stock opened at $131.09 on Thursday. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.75. The firm has a fifty day moving average price of $140.02 and a 200-day moving average price of $142.70. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 8.30 and a beta of 0.53. 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 (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, equities analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend 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 yield of 2.65%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

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.