Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $191.00

Cincinnati Financial (NASDAQ:CINF) had its price target lifted by Keefe, Bruyette & Woods from $190.00 to $191.00 in a report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

A number of other analysts have also weighed in on the company. Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, April 21st. Roth Mkm increased their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Bank of America reduced their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $178.75.

Cincinnati Financial Stock Down 0.9%

Shares of CINF opened at $162.05 on Wednesday. The company has a market cap of $25.07 billion, a PE ratio of 9.27, a P/E/G ratio of 3.62 and a beta of 0.59. The business has a fifty day moving average of $162.69 and a 200 day moving average of $162.49. Cincinnati Financial has a 52-week low of $140.47 and a 52-week high of $174.27. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.Cincinnati Financial’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned ($0.24) earnings per share. On average, sell-side analysts expect that Cincinnati Financial will post 8.45 EPS for the current year.

Institutional Trading of Cincinnati Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its stake in Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock worth $2,357,000 after purchasing an additional 64 shares during the period. Legacy Financial Strategies LLC increased its stake in shares of Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after buying an additional 65 shares during the period. State of Wyoming increased its stake in shares of Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after buying an additional 67 shares during the period. Triton Financial Group Inc increased its stake in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares during the period. Finally, NewEdge Wealth LLC increased its stake in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.