Brokerages Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $110.60

Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) has been given an average rating of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $110.60.

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th. Piper Sandler increased their price objective on Cincinnati Financial from $98.00 to $100.00 in a research report on Tuesday, January 10th. MKM Partners increased their price objective on Cincinnati Financial from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Royal Bank of Canada increased their price objective on Cincinnati Financial from $108.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Cincinnati Financial in a research report on Tuesday, February 7th.

Cincinnati Financial Trading Down 2.0 %

Shares of CINF opened at $112.57 on Friday. The stock’s 50-day moving average is $115.12 and its two-hundred day moving average is $106.17. The stock has a market cap of $17.70 billion, a PE ratio of -37.52, a P/E/G ratio of 1.24 and a beta of 0.63. Cincinnati Financial has a 12 month low of $88.66 and a 12 month high of $143.22. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The insurance provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.01). Cincinnati Financial had a positive return on equity of 6.32% and a negative net margin of 7.41%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial will post 5.14 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 17th will be paid a $0.75 dividend. The ex-dividend date is Thursday, March 16th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.60. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.67%. Cincinnati Financial’s dividend payout ratio is -100.00%.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds have recently modified their holdings of the stock. United Capital Financial Advisers LLC increased its position in Cincinnati Financial by 0.9% during the first quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock worth $1,311,000 after buying an additional 87 shares during the last quarter. Ellevest Inc. increased its position in Cincinnati Financial by 10.8% during the fourth quarter. Ellevest Inc. now owns 902 shares of the insurance provider’s stock worth $92,000 after buying an additional 88 shares during the last quarter. DNB Asset Management AS increased its position in Cincinnati Financial by 0.4% during the fourth quarter. DNB Asset Management AS now owns 24,901 shares of the insurance provider’s stock worth $2,550,000 after buying an additional 95 shares during the last quarter. Journey Advisory Group LLC increased its position in Cincinnati Financial by 3.1% during the fourth quarter. Journey Advisory Group LLC now owns 3,213 shares of the insurance provider’s stock worth $329,000 after buying an additional 96 shares during the last quarter. Finally, Utah Retirement Systems increased its position in Cincinnati Financial by 0.4% during the third quarter. Utah Retirement Systems now owns 27,976 shares of the insurance provider’s stock worth $2,505,000 after buying an additional 100 shares during the last quarter. 66.34% of the stock is owned by institutional investors and hedge funds.

About Cincinnati Financial

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Cincinnati Financial Corp. provides property casualty and life insurance services. It operates through the following segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment includes commercial casualty, commercial property, commercial auto, worker’s compensation, and other commercial lines insurance.