Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $182.00 at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF) had its price target upped by analysts at Keefe, Bruyette & Woods from $180.00 to $182.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 34.91% from the stock’s current price.

Several other brokerages have also commented on CINF. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Up 0.9 %

Shares of NASDAQ CINF traded up $1.23 during trading hours on Thursday, hitting $134.90. The company’s stock had a trading volume of 102,993 shares, compared to its average volume of 716,150. Cincinnati Financial has a 12 month low of $109.93 and a 12 month high of $161.74. The stock has a market cap of $21.09 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day simple moving average of $142.47 and a 200-day simple moving average of $140.42.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. On average, analysts anticipate that Cincinnati Financial will post 6.33 earnings per share for the current fiscal year.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in Cincinnati Financial in the 4th quarter worth about $275,000. Waterloo Capital L.P. raised its holdings in shares of Cincinnati Financial by 4.9% during the fourth quarter. Waterloo Capital L.P. now owns 11,029 shares of the insurance provider’s stock valued at $1,585,000 after purchasing an additional 511 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Cincinnati Financial by 0.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 135,012 shares of the insurance provider’s stock valued at $19,401,000 after purchasing an additional 1,037 shares during the period. Aviva PLC grew its position in Cincinnati Financial by 68.0% in the 4th quarter. Aviva PLC now owns 9,731 shares of the insurance provider’s stock worth $1,398,000 after purchasing an additional 3,938 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $8,222,000. 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.