Cincinnati Financial (NASDAQ:CINF) reported its quarterly earnings on July 25th, with an EPS of $1.29, exceeding the expected $0.96 by $0.33. Revenue for the quarter was $2.08 billion, lower than the anticipated $2.21 billion, but up 11.4% year-over-year. Last year’s EPS for the same quarter was $1.21. Analysts expect EPS to remain at $7 for this and next fiscal year.
Cincinnati Financial Stock Performance
The stock opened at $138.22 and has ranged from a low of $96.86 to a high of $139.34 over the past year. The company’s market cap is $21.64 billion, with a PE ratio of 9.20 and a debt-to-equity ratio of 0.07. The 50-day moving average is $134.51, while the 200-day is $124.35.
Cincinnati Financial Announces Dividend
Cincinnati Financial declared a quarterly dividend of $0.81 paid on October 15th to shareholders who were on record as of September 17th. The annualized dividend is $3.24, yielding 2.34% with a payout ratio of 21.56%.
Analyst Upgrades and Downgrades
Recent reports show analysts are optimistic about CINF. Roth Mkm raised its target price to $140. Citigroup upgraded the stock from “neutral” to “buy,” raising its target to $135. Other upgrades include Keefe, Bruyette & Woods at $150 and Bank of America at $168. Currently, three analysts rate it as “hold” and five as “buy,” giving it an average rating of “Moderate Buy” and a target price of $136.29.
View Our Latest Research Report on CINF
About Cincinnati Financial
(Get Free Report) Cincinnati Financial Corporation offers property casualty insurance in the U.S., operating through Commercial Lines, Personal Lines, Excess and Surplus Lines, Life Insurance, and Investments.
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