Shares of Cincinnati Financial Co. (NASDAQ:CINF – Get Free Report) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $113.67.
A number of research analysts have recently commented on the stock. Janney Montgomery Scott assumed coverage on shares of Cincinnati Financial in a research report on Thursday, December 14th. They set a “neutral” rating and a $110.00 price objective for the company. TheStreet lowered shares of Cincinnati Financial from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Citigroup assumed coverage on shares of Cincinnati Financial in a research report on Wednesday, November 22nd. They set a “neutral” rating and a $110.00 price objective for the company. Oppenheimer assumed coverage on shares of Cincinnati Financial in a research report on Thursday, November 16th. They set a “market perform” rating for the company. Finally, Piper Sandler upped their target price on shares of Cincinnati Financial from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 30th.
Insiders Place Their Bets
Institutional Trading of Cincinnati Financial
Large investors have recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in Cincinnati Financial during the fourth quarter worth about $27,000. Providence Capital Advisors LLC grew its stake in shares of Cincinnati Financial by 11,107.1% during the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 3,110 shares during the last quarter. Mendota Financial Group LLC bought a new stake in shares of Cincinnati Financial during the second quarter valued at approximately $29,000. BKM Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $31,000. Finally, AM Squared Ltd bought a new stake in shares of Cincinnati Financial during the first quarter valued at approximately $34,000. 64.81% of the stock is owned by institutional investors.
Cincinnati Financial Stock Up 1.5 %
Cincinnati Financial stock opened at $112.22 on Monday. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.22 and a beta of 0.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.28 and a quick ratio of 0.28. Cincinnati Financial has a fifty-two week low of $95.01 and a fifty-two week high of $130.66. The firm has a fifty day moving average price of $105.88 and a two-hundred day moving average price of $104.47.
Cincinnati Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.89%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, March 18th. Cincinnati Financial’s dividend payout ratio is currently 28.38%.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.
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