Cincinnati Financial (NASDAQ:CINF) Releases Quarterly Earnings Results, Beats Estimates By $1.24 EPS

Cincinnati Financial (NASDAQ:CINF) posted its quarterly earnings results on Monday. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24, Zacks reports. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%.

Cincinnati Financial Trading Down 1.0 %

Shares of CINF stock opened at $135.62 on Tuesday. The business’s 50 day moving average is $143.70 and its two-hundred day moving average is $140.25. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12 month low of $107.75 and a 12 month high of $161.74. The company has a market cap of $21.20 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is 16.65%.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Company Profile

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.