Cincinnati Financial Corporation (NASDAQ:CINF) has received a consensus broker rating score of 3.67 (Sell) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating and two have assigned a hold rating to the company. Cincinnati Financial Corporation’s rating score has improved by 8.3% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus target price of $72.00 for the company and are expecting that the company will post $0.70 earnings per share for the current quarter, according to Zacks. Zacks has also given Cincinnati Financial Corporation an industry rank of 72 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on CINF shares. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a report on Monday, January 16th. Janney Montgomery Scott started coverage on shares of Cincinnati Financial Corporation in a report on Thursday, December 22nd. They set a “neutral” rating on the stock. MKM Partners reiterated a “buy” rating and set a $90.00 price objective on shares of Cincinnati Financial Corporation in a report on Friday. Finally, Langen Mcalenn reiterated a “neutral” rating on shares of Cincinnati Financial Corporation in a report on Thursday, December 22nd.
In related news, insider Donald J. Doyle, Jr. sold 3,000 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $76.69, for a total transaction of $230,070.00. Following the completion of the sale, the insider now owns 27,766 shares of the company’s stock, valued at approximately $2,129,374.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.22% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its stake in shares of Cincinnati Financial Corporation by 627.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 265,940 shares of the company’s stock valued at $20,148,000 after buying an additional 229,403 shares during the period. Aviva PLC increased its stake in shares of Cincinnati Financial Corporation by 5.9% in the fourth quarter. Aviva PLC now owns 93,626 shares of the company’s stock valued at $7,094,000 after buying an additional 5,234 shares during the period. Elkfork Partners LLC purchased a new stake in shares of Cincinnati Financial Corporation during the fourth quarter valued at about $1,996,000. O Shaughnessy Asset Management LLC increased its stake in shares of Cincinnati Financial Corporation by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 78,280 shares of the company’s stock valued at $5,930,000 after buying an additional 2,314 shares during the period. Finally, FMR LLC increased its stake in shares of Cincinnati Financial Corporation by 1.3% in the fourth quarter. FMR LLC now owns 74,715 shares of the company’s stock valued at $5,659,000 after buying an additional 955 shares during the period. 61.09% of the stock is owned by institutional investors.
Cincinnati Financial Corporation (NASDAQ:CINF) traded up 0.69% during mid-day trading on Monday, reaching $71.55. 59,036 shares of the company traded hands. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 20.15 and a beta of 0.81. Cincinnati Financial Corporation has a 52 week low of $61.00 and a 52 week high of $79.60. The stock’s 50 day moving average price is $72.31 and its 200 day moving average price is $74.33.
Cincinnati Financial Corporation (NASDAQ:CINF) last released its earnings results on Wednesday, February 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.36 billion. Cincinnati Financial Corporation had a net margin of 10.85% and a return on equity of 7.33%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Equities analysts forecast that Cincinnati Financial Corporation will post $3.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 22nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Monday, March 20th. This is an increase from Cincinnati Financial Corporation’s previous quarterly dividend of $0.48. Cincinnati Financial Corporation’s dividend payout ratio is 54.08%.
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Cincinnati Financial Corporation 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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