Cincinnati Financial Co. (NASDAQ:CINF) Receives Consensus Rating of "Moderate Buy" from Brokerages

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat.com 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 brokers that have issued a report on the stock in the last year is $143.33.

A number of equities research analysts have commented on the stock. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company's stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial during the third quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $0.34 on Monday, hitting $135.92. 582,181 shares of the company's stock were exchanged, compared to its average volume of 645,040. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $21.25 billion, a PE ratio of 6.98, a PEG ratio of 2.89 and a beta of 0.71. Cincinnati Financial has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a 50-day simple moving average of $149.15 and a 200-day simple moving average of $137.66.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $1.66 EPS. The business's revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Cincinnati Financial will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.38%. 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.