Cincinnati Financial (NASDAQ: CINF – Get a rating) is expected to release earnings data after the market closes on Thursday, April 28. Analysts expect Cincinnati Financial to post earnings of $1.48 per share for the quarter. Individuals wishing to listen to the company’s earnings conference call can do so using this link.
Cincinnati Financial (NASDAQ: CINF – Get a rating) last reported quarterly earnings data on Tuesday, February 15. The insurance provider reported earnings per share of $1.97 for the quarter, beating the Zacks consensus estimate of $1.50 by $0.47. The company posted revenue of $3.32 billion for the quarter, versus $1.77 billion expected by analysts. Cincinnati Financial had a return on equity of 8.70% and a net margin of 30.59%. Cincinnati Financial’s revenue for the quarter increased 23.3% from the same quarter last year. During the same period last year, the company posted EPS of $1.61. On average, analysts expect Cincinnati Financial to post EPS of $6 for the current fiscal year and EPS of $6 for the next fiscal year.
Shares of NASDAQ CINF opened at $141.25 on Thursday. The stock has a market capitalization of $22.66 billion, a price-earnings ratio of 7.80 and a beta of 0.63. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt ratio of 0.07. Cincinnati Financial has a 1-year low of $106.29 and a 1-year high of $141.46. The stock’s 50-day moving average is $129.85 and its 200-day moving average is $122.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Investors of record on Friday, March 18 received a dividend of $0.69 per share. This represents a dividend of $2.76 on an annualized basis and a dividend yield of 1.95%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 17. Cincinnati Financial’s dividend payout ratio (DPR) is currently 15.24%.
A number of stock analysts have weighed in on the company recently. Zacks Investment Research moved Cincinnati Financial from a “strong buy” rating to a “hold” rating and set a price target of $145.00 for the stock. in a report on Tuesday. StockNews.com assumed coverage for Cincinnati Financial in a Thursday, March 31 report. They have placed a “holding” rating on the stock. Five analysts gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Hold” and a consensus target price of $129.80.
Institutional investors have recently changed their positions in the company. Penserra Capital Management LLC increased its stake in Cincinnati Financial by 23.4% in the fourth quarter. Penserra Capital Management LLC now owns 692 shares of the insurance provider worth $78,000 after purchasing an additional 131 shares during the period. JustInvest LLC increased its stake in Cincinnati Financial by 30.2% in the fourth quarter. JustInvest LLC now owns 3,589 shares of the insurance provider worth $409,000 after purchasing an additional 833 shares during the period. Forum Financial Management LP purchased a new stake in Cincinnati Financial stock in Q4 for a value of approximately $449,000. Horizon Investments LLC increased its position in Cincinnati Financial shares by 14.2% in the fourth quarter. Horizon Investments LLC now owns 4,187 shares of the insurance provider worth $477,000 after buying an additional 522 shares in the last quarter. Finally, Toroso Investments LLC purchased a new equity stake in Cincinnati Financial in Q4 for approximately $570,000. 65.73% of the shares are currently held by institutional investors and hedge funds.
About Cincinnati Financial (Get a rating)
Cincinnati Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in the United States. The Company operates through five segments: Commercial Insurance, Personal Insurance, Excess and Excess Insurance, Life Insurance and Investments. The Commercial Lines Insurance segment provides coverage for commercial accident, commercial property, commercial automobile and workers’ compensation.
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