Cincinnati Financial Co. (NASDAQ:CINF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $143.33.

A number of brokerages recently commented on CINF. Piper Sandler boosted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded down $6.45 during trading hours on Wednesday, reaching $132.98. The stock had a trading volume of 262,641 shares, compared to its average volume of 714,336. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a twelve month low of $107.75 and a twelve month high of $161.74. The stock’s 50 day moving average is $142.92 and its 200 day moving average is $140.47. The firm has a market capitalization of $20.79 billion, a PE ratio of 6.84, a PEG ratio of 2.42 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Equities analysts expect that Cincinnati Financial will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.62%. Cincinnati Financial’s payout ratio is presently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.