Cincinnati Financial Stock (NASDAQ: CINF)

Dernières nouvelles pour Cincinnati Financial (NASDAQ:CINF) Stock

Cincinnati Financial

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

Cincinnati Financial Corporation - Common Stock

Cincinnati Financial Corp

<p><strong>Cincinnati Financial Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) has been gaining momentum on the back of higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position.</p>
<h3>Growth Projections</h3>
<p>The Zacks Consensus Estimate for Cincinnati Financial&#39;s 2024 earnings per share indicates an increase of 9.1% from the year-ago reported number. The consensus estimate for revenues is pegged at $9.85 billion, implying a year-over-year improvement of 10.8%.</p>
<p>The consensus estimate for 2025 earnings per share and revenues indicates an increase of 7.1% and 10%, respectively, from the corresponding 2024 estimates.</p>
<h3>Northbound Estimate Revision</h3>
<p>The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 5.6% and 0.8% north, respectively, in the past 30 days, reflecting analysts&#39; optimism.</p>
<h3>Earnings Surprise History</h3>
<p>Cincinnati Financial has a solid earnings surprise history. It beat estimates in each of the last four quarters, the average being 27%.</p>
<h3>Zacks Rank &amp; Price Performance</h3>
<p>Cincinnati Financial currently carries a Zacks Rank #3 (Hold). Year to date, the stock has gained 26.7% compared with the industry&#39;s growth of 23.7%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b6/74566.jpg?v=1443931473" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Style Score</h3>
<p>CINF has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.</p>
<h3>Business Tailwinds</h3>
<p>Prudent pricing, an agent-centric model, a higher level of insured exposures and disciplined expansion of Cincinnati Re should benefit premiums, the primary driver of an insurer&#39;s top line. We expect 2026 net earned premiums to witness a three-year CAGR of 8.5%. CINF boasts above-average industry premium growth.</p>
<p>The Excess and Surplus line has been performing well since its inception in 2008. This segment should continue to benefit from new business written, higher renewal written premiums and higher average renewal estimated pricing. Technology and data are also being used to identify new exposures in emerging businesses.</p>
<p>Improving interest income from fixed-maturity securities and a decrease in equity portfolio dividends in an improved rate environment should drive net investment income.</p>
<p>Notably, its free cash flow conversion has remained more than 150% over the last many quarters, reflecting its solid earnings.</p>
<p>Banking on operational efficiency that ensures continuous cash flows, this insurer boasts increasing dividends for 64 straight years. Its dividend yield of 2.4% is better than the industry average of 0.2%, making the stock an attractive pick for yield-seeking investors. Given the board&#39;s positive outlook and confidence in outstanding capital, liquidity and financial flexibility, we expect the momentum to continue.</p>
<p>Being a property and casualty insurer, CINF is exposed to catastrophe losses, inducing volatility in its underwriting profitability. Nonetheless, banking on prudent underwriting, CINF&#39;s solid track record of 34 years of favorable reserve development is appreciable.</p>
<p>CINF has been witnessing an increase in expenses over the past many years due to a rise in insurance loss and policyholder benefits as well as underwriting, acquisition and insurance expenses, resulting in margin contraction.</p>
<h3>Stocks to Consider</h3>
<p>Some better-ranked stocks from the property and casualty insurance industry are <strong>NMI Holdings Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmih#NASDAQ">NMIH</a>), <strong>W.R. Berkley Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wrb#NYSE">WRB</a>) and <strong>Arch Capital Group Ltd. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acgl#NASDAQ">ACGL</a>), each carrying a Zacks Rank #2 (Buy) at present.</p>
<p>NMI Holdings&#39; earnings surpassed estimates in each of the last four quarters, the average surprise being 10.15%. Shares of NMIH have jumped 28.9% year to date. The Zacks Consensus Estimate for NMIH&#39;s 2024 and 2025 earnings implies year-over-year growth of 15.6% and 5.5%, respectively.</p>
<p>W.R. Berkley&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 11.43%. Shares of WRB have skyrocketed 22.1% year to date. The Zacks Consensus Estimate for WRB&#39;s 2024 and 2025 earnings implies year-over-year growth of 22.8% and 5.6%, respectively.</p>
<p>Arch Capital&#39;s earnings surpassed estimates in each of the last four quarters, the average surprise being 28.93%. Shares of ACGL have jumped 38.1% year to date. The Zacks Consensus Estimate for ACGL&#39;s 2024 and 2025 earnings implies year-over-year growth of 6.5% and 2.5%, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2323877/here-s-why-hold-strategy-is-apt-for-cincinnati-financial-cinf?cid=CS-BENZ-FT-analyst_blog|rank_focused-2323877">To read this article on Zacks.com click here.</a></p>


Earnings

Earnings Beats

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Mid Cap

News

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ACGL

CINF

NMIH

Here's Why Hold Strategy is Apt for Cincinnati Financial

<p><strong>Palomar Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) reported second-quarter 2024 operating income of $1.25 per share, which beat the Zacks Consensus Estimate by 11.6%. The bottom line increased 45.3% year over year.</p>
<p>Palomar witnessed improved premiums, increased adjusted underwriting income and higher yields on invested assets, partly offset by higher losses and loss adjustment expenses, as well as underwriting expenses.</p>
<div class="chart_embed">
<p><strong>Palomar Holdings, Inc. Price, Consensus and EPS Surprise</strong></p>
<p><img alt="Palomar Holdings, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/5c/1722942068.png" style="height:265px; width:577px" title="" /></p>
<p>Palomar Holdings, Inc. price-consensus-eps-surprise-chart | Palomar Holdings, Inc. Quote</p>
</div>
<h3>Behind the Headlines</h3>
<p>Total revenues improved 47.2% year over year to $131 million, mainly attributable to higher premiums, commission and other income and net investment income. The top line beat the Zacks Consensus Estimate by 9.2%.</p>
<p>Gross written premiums increased 40.4% year over year to $385.2 million. Our estimate was $362.7 million. Net earned premiums increased 47.1% year over year to $122.3 million. Our estimate was $109.2 million. The Zacks Consensus Estimate is pegged at $117.7 million.</p>
<p>Net investment income increased 43.7% year over year to $8 million, driven by higher yields on invested assets and a higher average balance of investments held during the three months ended Jun 30, 2024, due to cash generated from operations. The Zacks Consensus Estimate is pegged at $8.2 million. Our estimate was $8.9 million.</p>
<p>Palomar recorded an underwriting income of $25.6 million, which increased 47% from the year-ago quarter&#39;s income of $17.4 million. Our estimate was $23.2 million.</p>
<p>Adjusted underwriting income was $32.9 million, up 42.5% year over year.</p>
<p>Total expenses of $97.6 million increased 45% year over year due to higher losses and loss adjustment expenses, underwriting expenses and acquisition expenses, net of ceding commissions and fronting fees. Our estimate was $87.2 million.</p>
<p>The loss ratio was 24.9, which deteriorated 340 basis points (bps) year over year. Our estimate was 23.2. The Zacks Consensus Estimate was pegged at 24.7.</p>
<p>Adjusted combined ratio, excluding catastrophe losses, deteriorated 90 bps year over year to 73.1. The Zacks Consensus Estimate was pegged at 75.8.</p>
<h3>Financial Update</h3>
<p>Cash and cash equivalents decreased 7.1% from 2023-end to $47.8 million at the end of the second quarter of 2024. Shareholder equity increased 13% from 2023-end to $532.6 million at the end of the reported quarter.</p>
<p>Annualized adjusted return on equity in the second quarter of 2024 was 24.7%, expanding 340 bps year over year.</p>
<h3>2024 View</h3>
<p>Palomar expects adjusted net income in the range of $124-$130 million. This range includes $6.8 million of catastrophe losses incurred during the six months ended Jun 30, 2024, and additional catastrophe losses incurred during the third quarter of 2024 of nearly $5-$7 million related to Hurricanes Beryl and Debby.</p>
<h3>Zacks Rank</h3>
<p>PLMR currently carries a Zacks Rank #3 (Hold).</p>
<h3>Performance of Other Property &amp; Casualty Insurers</h3>
<p><strong>Cincinnati Financial Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) reported second-quarter 2024 operating income of $1.29 per share, which surpassed the Zacks Consensus Estimate by 33%. The bottom line increased 7% year over year. Total operating revenues in the quarter under review were $2.4 billion, which improved 10.8% year over year. However, the top line missed the consensus mark by 1.5%.</p>
<p>Net written premiums climbed 14% year over year to $2.4 billion. Investment income, net of expenses, increased 10% year over year to $242 million and missed our estimate of $246.2 million. The Zacks Consensus Estimate was pegged at $252 million. Total benefits and expenses of Cincinnati Financial increased 11.2% year over year to $2.1 billion. Our estimate was $2.2 billion. In its P&amp;C insurance business, CINF witnessed an underwriting income of $35 million, which decreased 26% from the year-ago period. Our estimate was pegged at an income of $1.5 million.</p>
<p><strong>RLI Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) reported second-quarter 2024 operating earnings of $1.72 per share, beating the Zacks Consensus Estimate by 27.4%. The bottom line improved 48.3% year over year. Operating revenues for the reported quarter were $413 million, up 17.6% year over year, driven by 17.6% higher net premiums earned and 18% higher net investment income. The top line beat the Zacks Consensus Estimate of $403 million. Gross premiums written increased 11% year over year to $563.4 million. Our estimate was $664 million.</p>
<p>Net investment income increased 18% year over year to $34 million. Our estimate was $39.1 million. The Zacks Consensus Estimate was pegged at $37.4 million. Total expenses increased 9.5% year over year to $314.8 million. Our estimate was $331.7 million. Underwriting income increased 70% year over year to $70 million. The combined ratio improved 570 bps year over year to 81.5. The Zacks Consensus Estimate for the metric was pegged at 95.3, while our estimate was 89.9.</p>
<p><strong>CNA Financial Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cna#NYSE">CNA</a>) reported second-quarter 2024 core earnings of $1.19 per share, which missed the Zacks Consensus Estimate by 1.6%. However, the bottom line increased 5.3% year over year. Total operating revenues of CNA Financial were $3.1 billion, up 6.7% year over year. The top line beat the Zacks Consensus Estimate by 1.3%. Net written premiums of Property &amp; Casualty Operations increased 6% year over year to $2.6 billion.</p>
<p>Net investment income rose 7.4% year over year to $618 million. Our estimate for net investment was $601.1 million. The Zacks Consensus Estimate was pegged at $592.3 million. Total claims, benefits and expenses increased 7.3% to $2.6 billion. Our estimate was $2.5 billion. Catastrophe losses were $82 million, wider than a loss of $68 million in the year-ago quarter. Underwriting income declined 10.1% year over year to $124 million. Our estimate was $175.3 million.</p>
<p><a href="https://www.zacks.com/stock/news/2317146/palomar-plmr-q2-earnings-top-estimates-on-improved-premiums?cid=CS-BENZ-FT-analyst_blog|earnings_article-2317146">To read this article on Zacks.com click here.</a></p>


PLMR

Palomar Q2 Earnings Top Estimates on Improved Premiums

<p>B of A Securities  analyst Grace Carter   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Buy and lowers the price target from $151 to $149.</p>


Price Target

B of A Securities Maintains Buy on Cincinnati Financial, Lowers Price Target to $149

WIIM

Brighthouse Financial, Inc. - Common Stock

GOCO

OSCR

RELI

SLQT

Shares of insurance companies are trading lower amid overall weakness following concerns for recently issued US economic data.

<p>Keefe, Bruyette &amp; Woods  analyst Meyer Shields   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Outperform and raises the price target from $146 to $150.</p>


Keefe, Bruyette & Woods Maintains Outperform on Cincinnati Financial, Raises Price Target to $150

<p>Roth MKM   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Buy and raises the price target from $130 to $140.</p>


Roth MKM Maintains Buy on Cincinnati Financial, Raises Price Target to $140

Earnings Misses

Cincinnati Financial Q2 2024 Adj Sales $2.407B Miss $2.449B Estimate

<p>Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $0.96 by 34.38 percent. This is a 6.61 percent increase over earnings of $1.21 per share from the same period last year.</p>


Cincinnati Financial Q2 2024 Adj EPS $1.29 Beats $0.96 Estimate

<p>B of A Securities  analyst Grace Carter   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Buy and raises the price target from $143 to $156.</p>


B of A Securities Maintains Buy on Cincinnati Financial, Raises Price Target to $156

<p><strong>Cincinnati Financial Corporation</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cinf#NASDAQ">CINF</a>) higher level of insured exposure, rate increase, agent-focused business model, consistent cash flow and a solid capital position make it worth retaining in one&#39;s portfolio.</p>
<p>It has a solid history of delivering positive surprises in the last five quarters. Earnings of this Zacks Rank #3 (Hold) insurer grew 11.9% in the last five years, better than the industry average of 10.5%.</p>
<p>CINF has a VGM Score of B. The Zacks Consensus Estimate for 2025 earnings per share has moved 1 cent north in the past 30 days, reflecting analyst optimism.</p>
<p>Shares have gained 12.8% year to date, compared with the industry&#39;s increase of 13.9%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d8/70799.jpg?v=624595373" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Return on Equity</h3>
<p>CINF has a return on equity (&quot;ROE&quot;) of 9.3%, better than the industry average of 7.8%. ROE measures how efficiently a company utilizes shareholders&#39; funds to generate profit.</p>
<h3>Optimistic Growth Projection</h3>
<p>The Zacks Consensus Estimate for 2024 earnings stands at $6.32 per share, suggesting an increase of 4.8% on 10.7% higher revenues of $9.8 billion. The consensus estimate for 2025 earnings per share stands at $6.99, suggesting an increase of 10.7% on 8.5% higher revenues of $10.7 billion.</p>
<p>The long-term earnings growth is expected to be 7.3%. We expect the 2026 bottom line to witness a three-year CAGR of 6.5%.</p>
<h3>Business Tailwinds</h3>
<p>Prudent pricing, an agent-centric model, a higher level of insured exposures and disciplined expansion of Cincinnati Re should benefit premiums, the primary driver of an insurer&#39;s top line. We expect 2026 net earned premiums to witness a three-year CAGR of 8.5%. CINF boasts above-average industry premium growth.</p>
<p>The Excess and Surplus line has been performing well since its inception in 2008. This segment should continue to benefit from new business written, higher renewal written premiums and higher average renewal estimated pricing. Technology and data are also being used to identify new exposures in emerging businesses.</p>
<p>Improving interest income from fixed-maturity securities and a decrease in equity portfolio dividends in an improved rate environment should drive net investment income.</p>
<p>Notably, its free cash flow conversion has remained more than 150% over the last many quarters, reflecting its solid earnings.</p>
<h3>Risks</h3>
<p>Despite the upside potential, there are a few factors that investors should keep an eye on.</p>
<p>Being a property and casualty insurer, CINF is exposed to catastrophe losses, inducing volatility in its underwriting profitability. Nonetheless, banking on prudent underwriting, CINF&#39;s solid track record of 34 years of favorable reserve development is appreciable. It also has a reinsurance program to limit insured loss.</p>
<p>CINF has been witnessing an increase in expenses over the past many years due to a rise in insurance loss and policyholder benefits as well as underwriting, acquisition and insurance expenses, resulting in margin contraction. We expect expenses to increase 10.3% in 2024. Net margin is expected to contract 292 basis points in the same year.</p>
<h3>Impressive Dividend History</h3>
<p>Banking on operational efficiency that ensures continuous cash flows, this insurer boasts increasing dividends for 64 straight years. Its dividend yield of 2.8% is better than the industry average of 0.3%, making the stock an attractive pick for yield-seeking investors.&nbsp; Given the board&#39;s positive outlook and confidence in outstanding capital, liquidity and financial flexibility, we expect the momentum to continue.</p>
<h3>Stocks to Consider</h3>
<p>Some top-ranked stocks from the insurance industry are <strong>HCI Group, Inc</strong>. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), <strong>Palomar Holdings </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and <strong>ProAssurance </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>HCI Group earnings surpassed estimates in each of the last four quarters, the average beat being 139.15%. In the past year, HCI has rallied 45.7%.</p>
<p>The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies 57.6% and 4.3% year-over-year growth, respectively.</p>
<p>Palomar&#39;s earnings surpassed estimates in each of the last four quarters, the average earnings surprise being 15.10%. In the past year, PLMR&#39;s stock has surged 45.5%.</p>
<p>The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings indicates 26% and 18% year-over-year growth, respectively.</p>
<p>ProAssurance earnings surpassed estimates in two of the last four quarters and missed in the other two. In the past year, PRA&#39;s stock has lost 28.1%.</p>
<p>The Zacks Consensus Estimate for PRA&#39;s 2024 and 2025 earnings suggests 371.4% and 72.6% year-over-year growth, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2298723/here-s-why-you-should-retain-cincinnati-financial-cinf-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2298723">To read this article on Zacks.com click here.</a></p>


Small Cap

Here's Why You Should Retain Cincinnati Financial Stock

<p>Analysts' ratings for Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $130.0, a high estimate of $143.00, and a low estimate of $116.00. This upward trend is apparent, with the current average reflecting a 2.1% increase from the previous average price target of $127.33.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719590422_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>The standing of Cincinnati Financial among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Ward</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$135.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Charlie Lederer</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$126.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$143.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$116.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cincinnati Financial. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cincinnati Financial compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Cincinnati Financial's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of Cincinnati Financial's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/CINF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Cincinnati Financial analyst ratings.</strong></a></p>
<h2>All You Need to Know About Cincinnati Financial</h2>
<p>Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.</p>
<h3>Cincinnati Financial: Delving into Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Cincinnati Financial's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately <strong>30.97%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.</p>
<p><strong>Net Margin:</strong> Cincinnati Financial's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>25.72%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Cincinnati Financial's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>6.1%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Cincinnati Financial's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>2.27%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Cincinnati Financial's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.07</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Deep Dive Into Cincinnati Financial Stock: Analyst Perspectives (4 Ratings)

<p>Citigroup  analyst Michael Ward   upgrades Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) from Neutral to Buy and announces the price target from $126 to $135.</p>


Upgrades

Citigroup Upgrades Cincinnati Financial to Buy, Announces Price Target to $135

Cincinnati Financial shares are trading lower, reversing from earlier strength after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

General

Cincinnati Financial shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

<p>Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.69 by 1.78 percent.  The company reported quarterly sales of $2.94 billion which beat the analyst consensus estimate of $2.48 billion by 18.46 percent.  This is a 37.47 percent increase over sales of $2.13 billion the same period last year.</p>


Cincinnati Financial Q1 2024 Adj EPS $1.72 Beats $1.69 Estimate, Sales $2.94B Beat $2.48B Estimate

<p>Ratings for Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $130.0, a high estimate of $143.00, and a low estimate of $116.00. This current average reflects an increase of 2.36% from the previous average price target of $127.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713272426_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The standing of Cincinnati Financial among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charlie Lederer</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$126.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$143.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$116.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cincinnati Financial. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cincinnati Financial compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Cincinnati Financial's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>For valuable insights into Cincinnati Financial's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/CINF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Cincinnati Financial analyst ratings.</strong></a></p>
<h2>Delving into Cincinnati Financial's Background</h2>
<p>Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.</p>
<h3>Unraveling the Financial Story of Cincinnati Financial</h3>
<p><strong>Market Capitalization Analysis:</strong> With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Cincinnati Financial showcased positive performance, achieving a revenue growth rate of <strong>7.74%</strong> as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Cincinnati Financial's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>35.25%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>10.41%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Cincinnati Financial's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.72%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.07</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Landscape: 4 Takes On Cincinnati Financial

<p>Citigroup  analyst Charlie Lederer   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Neutral and raises the price target from $120 to $126.</p>


Citigroup Maintains Neutral on Cincinnati Financial, Raises Price Target to $126

<p>Keefe, Bruyette &amp; Woods  analyst Meyer Shields   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Outperform and raises the price target from $136 to $143.</p>


Keefe, Bruyette & Woods Maintains Outperform on Cincinnati Financial, Raises Price Target to $143

<p>Piper Sandler  analyst Paul Newsome   maintains Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) with a Neutral and maintains $116 price target.</p>


Piper Sandler Maintains Neutral on Cincinnati Financial, Maintains $116 Price Target

<p>BMO Capital  analyst Michael Zaremski   upgrades Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) from Market Perform to Outperform and raises the price target from $125 to $135.</p>


BMO Capital Upgrades Cincinnati Financial to Outperform, Raises Price Target to $135

KBW analyst Meyer Shields maintained a Buy rating on Cincinnati Financial (CINF – Research Report) yesterday and set a price target of $150.00. The...

Cincinnati Financial (CINF) Receives a Rating Update from a Top Analyst

Cincinnati Financial (CINF) has shared an update. Cincinnati Financial Corporation has made a new investor presentation available on its website, w...

Cincinnati Financial Releases New Investor Presentation

Cincinnati Financial declares $0.81 dividend

An announcement from Cincinnati Financial (CINF) is now available. Cincinnati Financial Corporation has announced its latest regular quarterly cash...

Cincinnati Financial Declares Regular Quarterly Dividend

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Press Releases

Cincinnati Financial Reports Fourth-Quarter and Full-Year 2023 Results

Cincinnati Financial Corporation Announces Internet Availability of Proxy Materials and Webcast for 2024 Annual Meeting of Shareholders

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