The stock of Cincinnati Financial Corporation (NASDAQ:CINF) increased by $0.02 on Friday to finish at $107.56, up 0.02 percent. The last five days have seen an average of 674,480 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $5.17. The average number of shares traded over the last 20 days was 799,565, while the average volume over the last 50 days totaled 728,638.
CINF stock appreciated 7.91% since last month. On 07/14/23, the company’s shares reached a one-month low of $97.70. The stock touched a high of $130.66 on 02/09/23, after rallying from a low of $88.66 in 52 weeks. The price of CINF stock has risen by 5.05% or $5.17 this year, reaching a new high 13 times. Still, the stock price is down -17.68% from the 52-week high.
Insider Transactions
CINF stock investors should be aware that Cincinnati Financial Corporation (CINF) stock had its last reported insider trading activity 74 days ago on Jun 01. On Jun 01, Director Aaron Thomas J acquired 500 shares at $97.17 each. This transaction resulted in the insider spending $48,584. On May 25, Debbink Dirk J added 1,000 shares at a price of US$98.39. After the transaction, the insider now owns 47,960 shares. Director Schiff Charles Odell had earlier sold 20,000 shares on May 17 for $102.74 a share. The transaction was completed for $2,054,776.
Valuation Metrics
Cincinnati Financial Corporation (CINF) has a trailing price-to-earnings (P/E) ratio of 12.52. Beta for the stock is 0.61. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.80, the price-to-book (PB) ratio of 1.53, and the price-to-cash flow ratio of 8.01.
Company paid $0.75 per share in dividends, remained unchanged from $0.75 last year. A $0.15 dividend increase was reported on Friday January 27 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.08, and the total debt to equity ratio is 0.08. Cincinnati Financial Corporation’s operating margin stood at 18.10% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CINF’s return on assets (ROA) during the last 12 months has been 4.50%. There was a -3.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 13.00%.
Earnings Surprise
According to Cincinnati Financial Corporation’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $2.6 billion, while revenues rose by 53.36% to $2.24 billion. It was predicted that Cincinnati Financial Corporation’s quarterly earnings would be $1.21, but it ended up being $0.74, beating the consensus by 63.50%. At the end of Cincinnati Financial Corporation’s most recent quarter ended June 29, its total debt was $867.0 million. Equity owned by shareholders amounts to $156.86 million.
Technical Picture
Here’s a quick look at Cincinnati Financial Corporation’s (CINF) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 57.51%, suggesting the stock is Neutral, with a 10.91% historical volatility rate.
The stochastic %K and %D were 62.04% and 67.45% respectively, while the average true range (ATR) was 2.17. Based on the 14-day stochastic reading of 58.63%, the RSI (14) reading is 59.56%. On the 9-day MACD Oscillator, the stock is at -0.77, and the 14-day reading is at 0.53.
Analyst Ratings
In its most recent analyst report, Keefe Bruyette raised its rating on Cincinnati Financial Corporation (NASDAQ: CINF) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned Cincinnati Financial Corporation (CINF) an Overweight rating. CINF is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is CINF’s price target for the next 12 months?
The current consensus forecast for the stock is between $115.00 and $130.00, with a median target price of $125.00. In analyzing these forecasts, the average price target given by analysts for Cincinnati Financial Corporation (CINF) is $122.80.
