Cincinnati Financial (NASDAQ:CINF) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Cincinnati Financial (NASDAQ:CINF - Get Free Report) announced its quarterly earnings data on Thursday. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04), Briefing.com reports. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The company's quarterly revenue was up 21.5% compared to the same quarter last year.

Cincinnati Financial Price Performance

Shares of CINF traded up $3.01 during mid-day trading on Friday, hitting $141.25. 857,205 shares of the company traded hands, compared to its average volume of 708,543. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.62 and a beta of 0.66. The business has a 50-day moving average of $135.86 and a 200 day moving average of $125.09. Cincinnati Financial has a one year low of $96.86 and a one year high of $142.25.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. Cincinnati Financial's payout ratio is 21.56%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CINF shares. Bank of America increased their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Citigroup upgraded Cincinnati Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average target price of $136.29.

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.