Cincinnati Financial Corp. (NASDAQ:CINF) has earned an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1 year consensus price target of $72.00 for the company and are forecasting that the company will post $0.71 EPS for the current quarter, according to Zacks. Zacks has also given Cincinnati Financial Corp. an industry rank of 202 out of 265 based on the ratings given to related companies.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. MKM Partners boosted their target price on shares of Cincinnati Financial Corp. from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 9th.
Several institutional investors have recently bought and sold shares of CINF. BlackRock Japan Co. Ltd increased its position in Cincinnati Financial Corp. by 4.1% in the first quarter. BlackRock Japan Co. Ltd now owns 191,252 shares of the company’s stock worth $12,500,000 after buying an additional 7,507 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Cincinnati Financial Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,973,845 shares of the company’s stock worth $259,731,000 after buying an additional 16,172 shares during the period. RMB Capital Management LLC increased its position in Cincinnati Financial Corp. by 1.4% in the first quarter. RMB Capital Management LLC now owns 31,980 shares of the company’s stock worth $2,090,000 after buying an additional 450 shares during the period. Teachers Advisors Inc. increased its position in Cincinnati Financial Corp. by 8.4% in the first quarter. Teachers Advisors Inc. now owns 203,605 shares of the company’s stock worth $13,308,000 after buying an additional 15,807 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Cincinnati Financial Corp. by 12.0% in the first quarter. TIAA CREF Investment Management LLC now owns 302,717 shares of the company’s stock worth $19,786,000 after buying an additional 32,487 shares during the period. 61.38% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Corp. (NASDAQ:CINF) opened at 75.42 on Tuesday. The firm’s 50 day moving average price is $76.02 and its 200-day moving average price is $71.23. The firm has a market cap of $12.41 billion, a PE ratio of 19.54 and a beta of 0.78. Cincinnati Financial Corp. has a 52 week low of $53.64 and a 52 week high of $78.09.
Cincinnati Financial Corp. (NASDAQ:CINF) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.14. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Cincinnati Financial Corp. had a return on equity of 9.02% and a net margin of 12.15%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, analysts forecast that Cincinnati Financial Corp. will post $3.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 21st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, September 19th. Cincinnati Financial Corp.’s dividend payout ratio (DPR) is currently 49.74%.
Cincinnati Financial Corp. Company Profile
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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