Cincinnati Financial Co. (NASDAQ:CINF) Receives $151.00 Consensus PT from Analysts

Shares of Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, 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 brokers that have issued ratings on the stock in the last year is $151.00.

Several equities analysts have weighed in on the company. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th.

Cincinnati Financial Price Performance

CINF stock traded up $0.14 during midday trading on Friday, reaching $140.27. 681,479 shares of the company's stock traded hands, compared to its average volume of 637,578. The company has a 50-day simple moving average of $139.38 and a two-hundred day simple moving average of $141.92. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 8.30 and a beta of 0.66.

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Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, analysts anticipate 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. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.48%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is 23.97%.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in shares of Cincinnati Financial by 2.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider's stock valued at $460,000 after purchasing an additional 68 shares during the last quarter. Simon Quick Advisors LLC raised its stake in Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after purchasing an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. raised its position in shares of Cincinnati Financial by 0.9% in the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider's stock valued at $1,098,000 after buying an additional 75 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after acquiring an additional 78 shares during the period. Finally, Tidal Investments LLC grew its stake in Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock worth $792,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.