Cincinnati Financial Keeps Quarterly Dividend at $0.94 a Share, Payable July 15 to Holders of Record June 23
Cincinnati Financial Keeps Quarterly Dividend at $0.94 a Share, Payable July 15 to Holders of Record June 23
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Cincinnati Financial Keeps Quarterly Dividend at $0.94 a Share, Payable July 15 to Holders of Record June 23
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $7 to $185, valuing CINF shares (currently yielding 2%) at 20x our 2027 operating EPS estimate of $9.15 (raised by $0.10) and at 21.5x our 2026 EPS estimate of $8.60 (raised by $0.10), versus its five-year average forward multiple of 21x and peer average. CINF posted Q1 operating EPS of $2.10 versus a $0.24 operating loss per share a year ago, matching our estimate and topping the $1.94 consensus view, amid 12% higher operating revenues due to 11% premium growth and 14% higher net investment income, with written premium growth of 7% likely at the upper end of peer averages. We believe CINF's competitive strengths include its facile underwriting style and ability to allocate underwriting capital to areas with the most promising fundamentals, positioning it well despite increasingly competitive market conditions. CINF's ability to consistently produce above-peer growth and underwriting profitability will support the shares' premium valuation versus peers, in our view.
Cincinnati Financial (CINF) has an average rating of overweight and mean price target of $160.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $163.87, Change: $-1.10, Percent Change: -0.66%
Cincinnati Financial (CINF) has an average rating of overweight and mean price target of $160.14, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $163.87, Change: $-1.10, Percent Change: -0.66%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CINF posted Q1 operating EPS of $2.10 versus a $0.24 operating loss per share a year ago, matching our estimate and topping the $1.94 consensus view. Results reflected 12% higher operating revenues driven by 11% premium growth and 14% higher net investment income, with written premium growth of 7% likely at the upper end of peer averages. We believe CINF's competitive strengths include its facile underwriting style and ability to allocate underwriting capital to areas with the most promising fundamentals, positioning it well despite increasingly competitive market conditions. Management will provide more color on current market conditions during tomorrow's investor call. The property-casualty insurance market is at a turning point. Property Lines are becoming more price-competitive after years of significant rate hikes, while Casualty Lines pricing remains strong due to high claim costs and climate-related weather volatility affecting Personal Lines profitability.
Cincinnati Financial (CINF) has an average rating of overweight and mean price target of $173.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $163.56, Change: $-0.12, Percent Change: -0.07%