FY2024 Earnings Estimate for CINF Issued By Zacks Research

Cincinnati Financial Co. (NASDAQ:CINF - Free Report) - Analysts at Zacks Research lowered their FY2024 earnings estimates for Cincinnati Financial in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will earn $6.34 per share for the year, down from their previous forecast of $6.54. The consensus estimate for Cincinnati Financial's current full-year earnings is $6.35 per share. Zacks Research also issued estimates for Cincinnati Financial's Q4 2024 earnings at $1.91 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $7.03 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results 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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share.

Several other research firms have also recently weighed in on CINF. Roth Mkm increased their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Piper Sandler increased their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Finally, Bank of America increased their target price 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $2.23 during midday trading on Friday, hitting $151.78. The company's stock had a trading volume of 760,210 shares, compared to its average volume of 700,710. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 2.86 and a beta of 0.65. The stock's 50 day simple moving average is $139.22 and its 200 day simple moving average is $127.88. Cincinnati Financial has a fifty-two week low of $99.61 and a fifty-two week high of $152.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Institutional Trading of Cincinnati Financial

Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its holdings in shares of 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 worth $23,367,000 after buying an additional 7,709 shares in the last quarter. Vest Financial LLC increased its holdings in shares of Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider's stock valued at $44,726,000 after purchasing an additional 46,530 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Cincinnati Financial by 91.4% in the second quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock valued at $14,016,000 after purchasing an additional 56,686 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Cincinnati Financial by 165.4% in the first quarter. Advisors Asset Management Inc. now owns 7,792 shares of the insurance provider's stock valued at $968,000 after purchasing an additional 4,856 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Cincinnati Financial by 330.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 11,440 shares of the insurance provider's stock valued at $1,421,000 after purchasing an additional 8,784 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. Cincinnati Financial's payout ratio is 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.