Cincinnati Financial (NASDAQ:CINF) Announces Quarterly Earnings Results

Cincinnati Financial (NASDAQ:CINF) posted its earnings results on Friday. The insurance provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.69 by $0.03, Briefing.com reports. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. Cincinnati Financial’s quarterly revenue was up 31.0% on a year-over-year basis.

Cincinnati Financial Stock Down 6.4 %

CINF stock opened at $110.88 on Friday. Cincinnati Financial has a 12 month low of $95.01 and a 12 month high of $124.35. The firm has a market cap of $17.37 billion, a PE ratio of 7.38, a P/E/G ratio of 2.24 and a beta of 0.63. The firm has a 50 day simple moving average of $117.71 and a 200 day simple moving average of $109.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Analysts Set New Price Targets

CINF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Piper Sandler restated a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Citigroup upped their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.57.

Cincinnati Financial Company Profile

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.