Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $156.00

Cincinnati Financial (NASDAQ:CINF) had its price objective lifted by stock analysts at Keefe, Bruyette & Woods from $152.00 to $156.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 9.16% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Bank of America upped their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.14.

Cincinnati Financial Stock Performance

Shares of CINF traded down $1.58 during trading hours on Tuesday, hitting $142.91. The stock had a trading volume of 61,408 shares, compared to its average volume of 706,203. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a 50-day moving average price of $136.33 and a 200 day moving average price of $125.47. Cincinnati Financial has a fifty-two week low of $97.72 and a fifty-two week high of $145.33. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 2.62 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm posted $1.66 EPS. Cincinnati Financial’s revenue was up 21.5% compared to the same quarter last year. As a group, research analysts anticipate that Cincinnati Financial will post 6.58 EPS for the current year.

Institutional Trading of Cincinnati Financial

Several hedge funds have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its stake in shares of Cincinnati Financial by 3.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,910 shares of the insurance provider’s stock worth $941,000 after buying an additional 258 shares during the period. Cigna Investments Inc. New purchased a new stake in shares of Cincinnati Financial during the third quarter worth approximately $210,000. First Trust Direct Indexing L.P. increased its stake in shares of Cincinnati Financial by 8.4% during the third quarter. First Trust Direct Indexing L.P. now owns 3,744 shares of the insurance provider’s stock worth $510,000 after buying an additional 291 shares during the period. Golden State Equity Partners purchased a new stake in shares of Cincinnati Financial during the third quarter worth approximately $426,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth approximately $280,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.