The price of Cincinnati Financial Corporation (NASDAQ:CINF) shares last traded on Wall Street fell -1.89% to $107.58.
Based on available information, 8 analysts follow Cincinnati Financial Corporation (NASDAQ:CINF). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $106.00, we find $117.00. Given the previous closing price of $109.65, this indicates a potential upside of 6.7 percent. CINF stock price is now 7.40% away from the 50-day moving average and 1.08% away from the 200-day moving average. The market capitalization of the company currently stands at $15.83B.
Among analysts, 5 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $119.00 as their price target over the next twelve months.
In other news, Aaron Thomas J, Director bought 500 shares of the company’s stock on Jun 01. The stock was bought for $48,584 at an average price of $97.17. Upon completion of the transaction, the Director now directly owns 6,240 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Debbink Dirk J bought 1,000 shares of the business’s stock. A total of $98,390 was incurred on buying the stock at an average price of $98.39. This leaves the insider owning 47,960 shares of the company worth $5.16 million. Insiders disposed of 653,550 shares of company stock worth roughly $70.31 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 ERGOTELES LLC during the first quarter worth $45,889,000. JANE STREET GROUP, LLC invested $33,316,000 in shares of CINF during the first quarter. In the first quarter, BROOKFIELD CORP /ON/ acquired a new stake in Cincinnati Financial Corporation valued at approximately $31,809,000. PINEBRIDGE INVESTMENTS, L.P. acquired a new stake in CINF for approximately $29,368,000. MARSHALL WACE, LLP purchased a new stake in CINF valued at around $20,791,000 in the second quarter. In total, there are 971 active investors with 68.00% ownership of the company’s stock.
A candlestick chart of Cincinnati Financial Corporation (NASDAQ: CINF) showed a price of $109.92 on Monday morning. During the past 12 months, Cincinnati Financial Corporation has had a low of $88.66 and a high of $130.66. According to the stock market information, the enterprise value for the company is $17.32B, which is based on a 712.45 price-to-earnings ratio, a 43.18 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for CINF is $100.27 and a two-hundred day moving average price translates $106.48 for the stock.
The latest earnings results from Cincinnati Financial Corporation (NASDAQ: CINF) was released for Jun, 2023. The net profit margin was 17.90% and return on equity was 13.00% for CINF. For the current quarter, analysts expect CINF to generate $2.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/16/2023 were paid a $0.75 dividend. On an annualized basis, this represents a $3.00 dividend and a 2.79% percent yield. There was an ex-dividend date of 06/15/2023 for this dividend. In terms of dividend payout ratio, CINF is presently at 32.70%.
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. It also offers commercial leasing and financing services; and insurance brokerage services. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio.
