What is Zacks Research’s Estimate for CINF FY2024 Earnings?

Cincinnati Financial Co. (NASDAQ:CINF) – Equities research analysts at Zacks Research cut their FY2024 earnings per share estimates for Cincinnati Financial in a research note issued on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $6.34 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.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lifted 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. Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $151.78 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $139.22 and a 200-day simple moving average of $127.88. 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. Cincinnati Financial has a 1-year low of $99.61 and a 1-year high of $152.30.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio is 16.65%.

Institutional Trading of Cincinnati Financial

Institutional investors have recently made changes to their positions in the business. Brophy Wealth Management LLC bought a new position in Cincinnati Financial during the third quarter worth about $257,000. M&T Bank Corp raised its holdings in shares of Cincinnati Financial by 4.2% in the 3rd quarter. M&T Bank Corp now owns 6,988 shares of the insurance provider’s stock worth $951,000 after buying an additional 282 shares in the last quarter. Barclays PLC lifted its position in shares of Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after buying an additional 61,801 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Cincinnati Financial by 5.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 341,425 shares of the insurance provider’s stock valued at $46,475,000 after buying an additional 18,068 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial in the third quarter valued at $28,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.