Analysts Set Cincinnati Financial Co. (NASDAQ:CINF) PT at $121.29

Cincinnati Financial Co. (NASDAQ:CINF) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $121.29.

A number of analysts recently commented on the company. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th.

Institutional Investors Weigh In On Cincinnati Financial

Several large investors have recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC boosted its stake 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 valued at $1,311,000 after buying an additional 87 shares during the period. Savant Capital LLC lifted its stake in Cincinnati Financial by 1.6% during the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 96 shares during the last quarter. Octavia Wealth Advisors LLC lifted its stake in Cincinnati Financial by 0.9% during the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock worth $1,160,000 after purchasing an additional 101 shares during the last quarter. Pinion Investment Advisors LLC lifted its stake in Cincinnati Financial by 2.9% during the fourth quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 101 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its stake in Cincinnati Financial by 3.0% during the third quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider’s stock worth $365,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $116.80 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 2.44 and a beta of 0.63. The stock has a 50 day moving average of $116.31 and a 200 day moving average of $108.12. Cincinnati Financial has a 12 month low of $95.01 and a 12 month high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.27 earnings per share. As a group, sell-side analysts forecast that Cincinnati Financial will post 6.2 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were paid a dividend of $0.81 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.77%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 27.76%.

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.