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

Cincinnati Financial logo with Finance background

Shares of Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $151.00.

A number of analysts have issued reports on CINF shares. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods increased 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. Finally, Roth Mkm lifted 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.

Get Our Latest Research Report on Cincinnati Financial

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINF. CWM LLC increased its position in shares of Cincinnati Financial by 83.5% in the 3rd quarter. CWM LLC now owns 15,392 shares of the insurance provider's stock valued at $2,095,000 after acquiring an additional 7,004 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Cincinnati Financial by 1,111.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 763 shares of the insurance provider's stock valued at $104,000 after purchasing an additional 700 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Cincinnati Financial in the third quarter worth about $174,000. Creative Planning lifted its holdings in shares of Cincinnati Financial by 167.2% during the third quarter. Creative Planning now owns 143,869 shares of the insurance provider's stock worth $19,583,000 after purchasing an additional 90,021 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Cincinnati Financial by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,314 shares of the insurance provider's stock valued at $2,221,000 after buying an additional 256 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of CINF traded down $0.22 during mid-day trading on Wednesday, reaching $136.97. The stock had a trading volume of 948,657 shares, compared to its average volume of 707,527. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.42 and a beta of 0.71. Cincinnati Financial has a 12 month low of $109.93 and a 12 month high of $161.74. The business has a fifty day moving average of $141.69 and a 200 day moving average of $140.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Equities analysts predict that Cincinnati Financial will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's payout ratio is presently 16.65%.

About Cincinnati Financial

(Get Free Report

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.

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Analyst Recommendations for Cincinnati Financial (NASDAQ:CINF)

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