Q3 2024 Earnings Estimate for Cincinnati Financial Co. Issued By Roth Capital (NASDAQ:CINF)

Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Roth Capital upped their Q3 2024 earnings estimates for shares of Cincinnati Financial in a research report issued on Friday, April 26th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $1.47 per share for the quarter, up from their prior estimate of $1.46. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.33 per share. Roth Capital also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $2.16 EPS and Q3 2025 earnings at $1.73 EPS.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. Cincinnati Financial’s revenue for the quarter was up 31.0% on a year-over-year basis.

A number of other research firms also recently issued reports on CINF. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Citigroup boosted their target price on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.57.

Cincinnati Financial Stock Up 2.4 %

Shares of Cincinnati Financial stock opened at $113.55 on Monday. The stock’s 50-day moving average is $117.74 and its 200 day moving average is $109.27. Cincinnati Financial has a one year low of $95.01 and a one year high of $124.35. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 2.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26.

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $179,305,000. Los Angeles Capital Management LLC boosted its position in Cincinnati Financial by 554.7% in the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after purchasing an additional 939,861 shares during the last quarter. AQR Capital Management LLC grew its stake in Cincinnati Financial by 1,870.3% in the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after purchasing an additional 260,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at $21,036,000. Finally, London Co. of Virginia raised its stake in shares of Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after purchasing an additional 200,414 shares during the period. 65.24% of the stock is owned by hedge funds and other 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.