Cincinnati Financial (CINF) set to report earnings Thursday

Cincinnati Financial (NASDAQ: CINFGet 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: CINFGet 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. 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.

Further reading

Earnings history for Cincinnati Financial (NASDAQ:CINF)

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