Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for Cincinnati Financial (NASDAQ:CINF)

Cincinnati Financial (NASDAQ:CINF)‘s stock had its “market perform” rating reissued by stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $201.00 price target on the insurance provider’s stock, up from their previous price target of $191.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 6.32% from the stock’s previous close.

A number of other research firms have also recently weighed in on CINF. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. Roth Capital raised their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Finally, Bank of America reduced their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Cincinnati Financial Trading Down 0.3%

Shares of Cincinnati Financial stock opened at $189.06 on Wednesday. The firm has a market cap of $29.25 billion, a PE ratio of 10.81, a P/E/G ratio of 4.09 and a beta of 0.54. Cincinnati Financial has a 1 year low of $143.87 and a 1 year high of $194.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a fifty day moving average price of $169.43 and a 200-day moving average price of $165.29.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. Equities research analysts anticipate that Cincinnati Financial will post 8.66 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CINF. GAMMA Investing LLC raised its position in shares of Cincinnati Financial by 3.5% in the second quarter. GAMMA Investing LLC now owns 8,263 shares of the insurance provider’s stock worth $1,530,000 after buying an additional 282 shares in the last quarter. CGN Advisors LLC purchased a new position in Cincinnati Financial during the second quarter worth about $226,000. CoreCap Advisors LLC grew its position in Cincinnati Financial by 4.2% during the second quarter. CoreCap Advisors LLC now owns 16,040 shares of the insurance provider’s stock worth $2,970,000 after buying an additional 652 shares in the last quarter. Trilogy Capital Inc. increased its stake in Cincinnati Financial by 8.2% in the 2nd quarter. Trilogy Capital Inc. now owns 21,165 shares of the insurance provider’s stock worth $3,918,000 after acquiring an additional 1,601 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cincinnati Financial by 496.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,363 shares of the insurance provider’s stock valued at $623,000 after acquiring an additional 2,799 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

About Cincinnati Financial

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.