Cincinnati Financial Co. (NASDAQ:CINF) – Stock analysts at Langen Mcalenn reduced their Q2 2020 earnings per share estimates for shares of Cincinnati Financial in a report issued on Monday, April 29th. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $0.77 for the quarter, down from their prior estimate of $0.79.
Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Credit Suisse Group upgraded shares of Cincinnati Financial from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $90.00 in a research note on Wednesday, February 27th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.00.
Shares of Cincinnati Financial stock opened at $96.18 on Wednesday. The stock has a market capitalization of $15.37 billion, a PE ratio of 28.71 and a beta of 0.68. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10. Cincinnati Financial has a 1 year low of $66.33 and a 1 year high of $96.31.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Cincinnati Financial had a net margin of 15.97% and a return on equity of 7.35%. The firm’s revenue for the quarter was up 76.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 18th. This represents a $2.24 annualized dividend and a yield of 2.33%. Cincinnati Financial’s dividend payout ratio (DPR) is 66.87%.
In other Cincinnati Financial news, Director Dirk J. Debbink acquired 351 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were purchased at an average price of $85.48 per share, for a total transaction of $30,003.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.16% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CINF. Deutsche Bank AG boosted its holdings in shares of Cincinnati Financial by 18.4% in the fourth quarter. Deutsche Bank AG now owns 336,004 shares of the insurance provider’s stock valued at $26,009,000 after acquiring an additional 52,224 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in shares of Cincinnati Financial by 721.8% in the fourth quarter. MUFG Securities EMEA plc now owns 33,700 shares of the insurance provider’s stock valued at $2,609,000 after acquiring an additional 29,599 shares in the last quarter. Pennsylvania Trust Co boosted its holdings in shares of Cincinnati Financial by 1.3% in the fourth quarter. Pennsylvania Trust Co now owns 10,031 shares of the insurance provider’s stock valued at $777,000 after acquiring an additional 130 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Cincinnati Financial by 0.6% in the fourth quarter. TD Asset Management Inc. now owns 441,251 shares of the insurance provider’s stock valued at $34,162,000 after acquiring an additional 2,512 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Cincinnati Financial by 7.4% in the third quarter. Legal & General Group Plc now owns 911,582 shares of the insurance provider’s stock valued at $69,990,000 after acquiring an additional 63,086 shares in the last quarter. Hedge funds and other institutional investors own 64.17% of the company’s stock.
About Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers’ compensation.