Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $143.15 and last traded at $143.15, with a volume of 2180 shares changing hands. The stock had previously closed at $141.25.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Roth Mkm increased their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $146.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Finally, 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 note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.29.
View Our Latest Stock Report on Cincinnati Financial
Cincinnati Financial Stock Performance
The firm has a market capitalization of $22.62 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The business's fifty day simple moving average is $136.06 and its 200-day simple moving average is $125.29.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.24 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 earnings per share. As a group, equities research analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current year.
Cincinnati Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.24%. Cincinnati Financial's dividend payout ratio is presently 21.56%.
Institutional Investors Weigh In On Cincinnati Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System raised its position in Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider's stock valued at $23,367,000 after acquiring an additional 7,709 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Cincinnati Financial by 40.6% in the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider's stock valued at $20,904,000 after acquiring an additional 48,597 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Cincinnati Financial by 14.0% during the 2nd quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider's stock worth $44,726,000 after purchasing an additional 46,530 shares during the period. SG Americas Securities LLC grew its stake in shares of Cincinnati Financial by 77.3% in the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider's stock valued at $5,326,000 after buying an additional 18,704 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Cincinnati Financial by 91.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock valued at $14,016,000 after buying an additional 56,686 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
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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