Cincinnati Financial Co. (NASDAQ:CINF) Receives $133.57 Consensus Price Target from Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $133.57.

A number of research analysts have recently weighed in on the company. Bank of America lowered their price objective on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Roth Mkm lifted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $126.00 to $135.00 in a report on Friday, June 28th.

Cincinnati Financial Trading Up 0.9 %

Cincinnati Financial stock opened at $135.12 on Tuesday. The business has a 50-day simple moving average of $128.58 and a two-hundred day simple moving average of $121.25. Cincinnati Financial has a 52-week low of $96.86 and a 52-week high of $139.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market cap of $21.15 billion, a P/E ratio of 8.99, a P/E/G ratio of 2.63 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 earnings per share. Analysts predict that Cincinnati Financial will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.40%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors have recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new position in Cincinnati Financial during the 2nd quarter valued at about $3,795,000. Sanctuary Advisors LLC bought a new position in shares of Cincinnati Financial during the second quarter valued at approximately $4,384,000. Aurora Investment Counsel raised its holdings in shares of Cincinnati Financial by 1.1% in the second quarter. Aurora Investment Counsel now owns 13,846 shares of the insurance provider’s stock worth $1,635,000 after buying an additional 153 shares during the period. Regal Investment Advisors LLC lifted its stake in shares of Cincinnati Financial by 17.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 36,947 shares of the insurance provider’s stock worth $4,363,000 after acquiring an additional 5,503 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in Cincinnati Financial during the 2nd quarter valued at $344,000. 65.24% of the stock is owned by institutional investors.

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.