Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) Target Price at $138.57

Shares of Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $138.57.

Several research firms recently issued reports on CINF. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th.

Cincinnati Financial Stock Up 1.0 %

NASDAQ CINF traded up $1.62 during mid-day trading on Friday, hitting $156.47. The company's stock had a trading volume of 391,555 shares, compared to its average volume of 568,449. The company's 50 day simple moving average is $141.26 and its 200 day simple moving average is $129.58. Cincinnati Financial has a twelve month low of $99.92 and a twelve month high of $156.87. 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 market capitalization of $24.46 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.95 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business 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 business posted $1.66 EPS. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. Analysts anticipate that Cincinnati Financial will post 6.32 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced 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. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's payout ratio is 16.65%.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC raised its stake in Cincinnati Financial by 1,219.2% in the 3rd quarter. Anchor Investment Management LLC now owns 686 shares of the insurance provider's stock valued at $93,000 after acquiring an additional 634 shares during the period. Virtu Financial LLC bought a new stake in Cincinnati Financial during the 3rd quarter worth approximately $381,000. Toronto Dominion Bank lifted its stake in Cincinnati Financial by 1.2% in the 3rd quarter. Toronto Dominion Bank now owns 77,418 shares of the insurance provider's stock worth $10,538,000 after purchasing an additional 895 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Cincinnati Financial by 6.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,941 shares of the insurance provider's stock worth $402,000 after purchasing an additional 175 shares in the last quarter. Finally, Brophy Wealth Management LLC purchased a new position in Cincinnati Financial during the third quarter worth about $257,000. 65.24% of the stock is currently owned by institutional investors.

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.