Cincinnati Financial Corporation (NASDAQ:CINF) shares traded -3.11% lower at $101.15 on Wall Street last session.
In accordance with the data, 9 analysts cover Cincinnati Financial Corporation (NASDAQ:CINF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $100.00, we find $108.50. Given the previous closing price of $104.40, this indicates a potential upside of 3.93 percent. CINF stock price is now -4.78% away from the 50-day moving average and -8.63% away from the 200-day moving average. The market capitalization of the company currently stands at $15.98B.
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It has been rated a hold by 8 analysts and a buy by 1. Brokers who have rated the stock have averaged $110.50 as their price target over the next twelve months.
With the price target of $92, BofA Securities recently initiated with Neutral rating for Cincinnati Financial Corporation (NASDAQ: CINF)., while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, Debbink Dirk J, Director bought 1,000 shares of the company’s stock on Dec 06. The stock was bought for $106,130 at an average price of $106.13. Upon completion of the transaction, the Director now directly owns 45,502 shares in the company, valued at $4.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Director Skidmore Douglas S bought 565 shares of the business’s stock. A total of $54,669 was incurred on buying the stock at an average price of $96.76. This leaves the insider owning 7,600 shares of the company worth $0.77 million. Insiders disposed of 56,367 shares of company stock worth roughly $5.7 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CINF stock. A new stake in Cincinnati Financial Corporation shares was purchased by DEPRINCE RACE & ZOLLO INC during the first quarter worth $24,422,000. SELECT EQUITY GROUP, L.P. invested $15,097,000 in shares of CINF during the first quarter. In the first quarter, ASPIRIANT, LLC acquired a new stake in Cincinnati Financial Corporation valued at approximately $4,298,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CINF for approximately $3,803,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in CINF valued at around $3,215,000 in the second quarter. In total, there are 971 active investors with 68.00% ownership of the company’s stock.
Cincinnati Financial Corporation (NASDAQ: CINF) opened at $103.58 on Thursday. During the past 12 months, Cincinnati Financial Corporation has had a low of $88.66 and a high of $143.22. The fifty day moving average price for CINF is $106.26 and a two-hundred day moving average price translates $110.52 for the stock.
The latest earnings results from Cincinnati Financial Corporation (NASDAQ: CINF) was released for Jun, 2022. The net profit margin was -0.40% and return on equity was -0.30% for CINF. For the current quarter, analysts expect CINF to generate $1.61B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/16/2022 were paid a $0.69 dividend. On an annualized basis, this represents a $2.76 dividend and a 2.73% percent yield. There was an ex-dividend date of 12/15/2022 for this dividend.
Cincinnati Financial Corporation(CINF) 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. It also provides director and officer liability insurance, contract and commercial surety bonds, and fidelity bonds; and machinery and equipment coverage. The Personal Lines Insurance segment offers personal auto insurance; homeowner insurance; and dwelling fire, inland marine, personal umbrella liability, and watercraft coverages to individuals. The Excess and Surplus Lines Insurance segment offers commercial casualty insurance that covers businesses for third-party liability from accidents occurring on their premises or arising out of their operations, such as injuries sustained from products; and commercial property insurance, which insures buildings, inventory, equipment, and business income from loss or damage due to various causes, such as fire, wind, hail, water, theft, and vandalism. The Life Insurance segment provides term life insurance products; universal life insurance products; worksite products, such as term life; and whole life insurance products. The Investments segment invests in fixed-maturity investments, including taxable and tax-exempt bonds, and redeemable preferred stocks; and equity investments comprising common and nonredeemable preferred stocks. The company also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.
