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

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat.com 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 price objective among analysts that have issued a report on the stock in the last year is $147.40.

A number of research analysts have weighed in on CINF shares. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th.

Cincinnati Financial Price Performance

Shares of CINF traded up $0.02 during mid-day trading on Thursday, hitting $133.33. 430,376 shares of the company were exchanged, compared to its average volume of 673,597. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a 50 day moving average of $139.86 and a 200-day moving average of $142.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

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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 EPS for the quarter, beating 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%. Analysts expect that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.61%. Cincinnati Financial's payout ratio is presently 23.97%.

Institutional Investors Weigh In On Cincinnati Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of Cincinnati Financial by 2.8% during the 3rd quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider's stock worth $2,474,000 after buying an additional 500 shares during the last quarter. Quarry LP purchased a new position in Cincinnati Financial in the third quarter worth approximately $43,000. Quantinno Capital Management LP increased its stake in Cincinnati Financial by 69.7% during the third quarter. Quantinno Capital Management LP now owns 8,207 shares of the insurance provider's stock worth $1,117,000 after acquiring an additional 3,370 shares during the last quarter. Stifel Financial Corp raised its position in Cincinnati Financial by 1.0% in the third quarter. Stifel Financial Corp now owns 93,411 shares of the insurance provider's stock valued at $12,715,000 after purchasing an additional 963 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Cincinnati Financial by 32.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,816 shares of the insurance provider's stock valued at $1,200,000 after purchasing an additional 2,148 shares during 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.