Keefe, Bruyette & Woods Issues Positive Forecast for Cincinnati Financial (NASDAQ:CINF) Stock Price

Cincinnati Financial (NASDAQ:CINF) had its target price lifted by equities researchers at Keefe, Bruyette & Woods from $152.00 to $156.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 8.76% from the company’s current price.

Several other analysts have also recently commented on the stock. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Trading Up 1.0 %

Shares of Cincinnati Financial stock opened at $143.44 on Tuesday. The firm’s 50 day simple moving average is $136.80 and its two-hundred day simple moving average is $125.76. The firm has a market capitalization of $22.46 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 2.62 and a beta of 0.66. Cincinnati Financial has a 12-month low of $98.65 and a 12-month high of $145.33. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.66 EPS. Analysts predict that Cincinnati Financial will post 6.58 EPS for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Cincinnati Financial by 5.1% during the 4th quarter. Wellington Management Group LLP now owns 17,486 shares of the insurance provider’s stock worth $1,809,000 after purchasing an additional 853 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Cincinnati Financial by 117.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,558 shares of the insurance provider’s stock valued at $566,000 after acquiring an additional 2,461 shares during the last quarter. Norden Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter valued at approximately $354,000. First Trust Direct Indexing L.P. boosted its stake in shares of Cincinnati Financial by 16.8% in the first quarter. First Trust Direct Indexing L.P. now owns 2,305 shares of the insurance provider’s stock worth $286,000 after acquiring an additional 331 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the first quarter worth approximately $223,000. Hedge funds and other institutional investors 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.