At the time of writing, Cincinnati Financial Corp. [CINF] stock is trading at $123.29, up 2.50%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CINF shares have gain 3.95% over the last week, with a monthly amount glided 8.80%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, Cincinnati Financial Corporation Announces Internet Availability of Proxy Materials and Webcast for 2024 Annual Meeting of Shareholders. In a post published today on Yahoo Finance, Cincinnati Financial Corporation (NASDAQ: CINF) today announced the internet availability of materials for its 2024 Annual Meeting of Shareholders – the 2023 Annual Report on Form 10-K, the 2024 Annual Shareholder Meeting Notice and Proxy Statement and the 2024 Annual Letter to Shareholders. The company has filed these materials with the Securities and Exchange Commission, and they are available for viewing online.
From an analyst’s perspective:
Cincinnati Financial Corp. [NASDAQ: CINF] stock has seen the most recent analyst activity on March 25, 2024, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $135 from $125. On November 22, 2023, Citigroup initiated with a Neutral rating and assigned a price target of $110 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Keefe Bruyette upgraded its rating to a Outperform. BofA Securities upgraded its rating to Buy for this stock on May 18, 2023, and upped its price target to $117. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $106 on this stock.
For the past year, the stock price of Cincinnati Financial Corp. fluctuated between $95.01 and $121.61. Currently, Wall Street analysts expect the stock to reach $131.25 within the next 12 months. Cincinnati Financial Corp. [NASDAQ: CINF] shares were valued at $123.29 at the most recent close of the market. An investor can expect a potential return of 6.46% based on the average CINF price forecast.
Analyzing the CINF fundamentals
According to Cincinnati Financial Corp. [NASDAQ:CINF], the company’s sales were 10.01B for trailing twelve months, which represents an 7.77% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 121.65 points at the first support level, and at 120.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.15, and for the 2nd resistance point, it is at 125.00.
Cincinnati Financial Corp. [CINF] reported earnings per share of $2.28 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.95/share, meaning a difference of $0.33 and a surprise factor of 16.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.66 per share as compared to estimates of $1.15 per share, a difference of $0.51 representing a surprise of 44.30%.
Ratios To Look Out For
It is important to note that Cincinnati Financial Corp. [NASDAQ:CINF] has a current ratio of 0.56. Considering the valuation of this stock, the price to sales ratio is 1.93, the price to book ratio is 1.60 and price to earnings (TTM) ratio is 10.57.
Transactions by insiders
Recent insider trading involved Debbink Dirk J, Director, that happened on Dec 05 ’23 when 2000.0 shares were purchased. Director, Debbink Dirk J completed a deal on Oct 30 ’23 to buy 1000.0 shares. Meanwhile, Director Benacci Nancy Cunningham bought 1000.0 shares on Sep 12 ’23.
