Shares of Cincinnati Financial Co. (NASDAQ:CINF) have received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $77.33.
Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial and gave the company a “hold” rating in a research note on Wednesday, May 24th. Royal Bank of Canada restated a “hold” rating and issued a $72.00 price objective on shares of Cincinnati Financial in a research note on Monday, May 22nd. MKM Partners restated a “buy” rating and issued a $90.00 price objective on shares of Cincinnati Financial in a research note on Friday, February 10th. Finally, Zacks Investment Research downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st.
In other Cincinnati Financial news, Director David P. Osborn bought 1,925 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $70.00 per share, for a total transaction of $134,750.00. Following the completion of the purchase, the director now owns 21,542 shares of the company’s stock, valued at $1,507,940. The acquisition was disclosed in a filing with the SEC, which is available through this link. 9.22% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Cincinnati Financial by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock valued at $1,201,018,000 after buying an additional 813,206 shares during the period. BlackRock Inc. increased its stake in shares of Cincinnati Financial by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock worth $948,595,000 after buying an additional 12,467,118 shares during the last quarter. State Street Corp increased its stake in shares of Cincinnati Financial by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock worth $727,642,000 after buying an additional 329,902 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Cincinnati Financial by 2.4% in the first quarter. Bank of America Corp DE now owns 6,307,619 shares of the insurance provider’s stock worth $455,852,000 after buying an additional 149,473 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Cincinnati Financial by 5.9% in the first quarter. JPMorgan Chase & Co. now owns 2,900,223 shares of the insurance provider’s stock worth $209,600,000 after buying an additional 161,845 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.
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Shares of Cincinnati Financial (NASDAQ CINF) traded up 1.87% during mid-day trading on Monday, reaching $71.78. The company’s stock had a trading volume of 522,907 shares. Cincinnati Financial has a 52 week low of $68.11 and a 52 week high of $79.60. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 19.77 and a beta of 0.81. The company’s 50-day moving average is $70.28 and its 200-day moving average is $72.63.
Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that Cincinnati Financial will post $2.80 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Wednesday, June 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, June 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.79%. Cincinnati Financial’s dividend payout ratio (DPR) is 54.08%.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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