Cincinnati Financial Co. (NASDAQ:CINF) Given Average Recommendation of "Moderate Buy" by Analysts

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $143.33.

Several research analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America upped their price objective 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. Finally, Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares of the company's stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake 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 acquiring an additional 5,097 shares during the period. IMS Capital Management bought a new position in Cincinnati Financial during the 3rd quarter worth $274,000. Franklin Resources Inc. increased its position in Cincinnati Financial by 51.0% in the third quarter. Franklin Resources Inc. now owns 108,583 shares of the insurance provider's stock worth $14,863,000 after buying an additional 36,650 shares during the period. Tidal Investments LLC lifted its stake in Cincinnati Financial by 1.4% in the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock valued at $792,000 after buying an additional 80 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Cincinnati Financial during the third quarter worth about $103,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 0.5 %

NASDAQ CINF traded down $0.77 during trading hours on Thursday, hitting $142.23. The company had a trading volume of 680,589 shares, compared to its average volume of 685,477. The firm's 50 day moving average is $148.09 and its 200 day moving average is $134.16. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 7.31, a P/E/G ratio of 2.89 and a beta of 0.69. Cincinnati Financial has a fifty-two week low of $100.31 and a fifty-two week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm posted $1.66 earnings per share. The business's revenue was up 21.5% on a year-over-year basis. Sell-side analysts anticipate that Cincinnati Financial will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's dividend payout ratio is currently 16.65%.

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.