Zacks Research Has Pessimistic View of CINF FY2024 Earnings

Cincinnati Financial Co. (NASDAQ:CINF) – Investment analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Cincinnati Financial in a research report issued on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $6.34 for the year, down from their prior forecast of $6.54. The consensus estimate for Cincinnati Financial’s current full-year earnings is $6.35 per share. Zacks Research also issued estimates for Cincinnati Financial’s Q4 2024 earnings at $1.91 EPS, Q1 2025 earnings at $1.83 EPS, Q3 2025 earnings at $1.60 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $7.03 EPS, Q2 2026 earnings at $1.49 EPS, Q3 2026 earnings at $1.56 EPS and FY2026 earnings at $7.30 EPS.

Other equities analysts have also issued reports about the company. Piper Sandler lifted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America lifted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $149.55 on Friday. Cincinnati Financial has a fifty-two week low of $99.61 and a fifty-two week high of $152.30. The firm’s 50 day moving average is $138.95 and its two-hundred day moving average is $127.73. The company has a market cap of $23.38 billion, a P/E ratio of 7.68, a P/E/G ratio of 2.86 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s payout ratio is 16.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth $27,000. Rothschild Investment LLC acquired a new stake in Cincinnati Financial in the second quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.