Cincinnati Financial (NASDAQ:CINF) Releases Quarterly Earnings Results, Beats Estimates By $1.24 EPS

Cincinnati Financial (NASDAQ:CINF - Get Free Report) released its quarterly earnings results on Monday. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24, Zacks reports. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%.

Cincinnati Financial Stock Performance

CINF stock traded up $3.52 on Thursday, hitting $137.19. The company's stock had a trading volume of 1,121,508 shares, compared to its average volume of 752,869. The firm has a 50 day moving average of $142.47 and a two-hundred day moving average of $140.42. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.74. The stock has a market cap of $21.45 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This is an increase 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 yield of 2.54%. Cincinnati Financial's dividend payout ratio is 16.65%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 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 purchase, the director now owns 54,500 shares of the company's stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on CINF. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday. Piper Sandler lifted their price objective 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. Finally, Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

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.