Cincinnati Financial Co. (NASDAQ:CINF) Receives $133.57 Average Price Target from Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $133.57.

A number of research firms recently issued reports on CINF. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. 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. Finally, Bank of America cut their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, August 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter worth about $179,305,000. AQR Capital Management LLC raised its holdings in shares of Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after buying an additional 187,934 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Cincinnati Financial by 16.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,295,928 shares of the insurance provider’s stock worth $134,077,000 after buying an additional 186,629 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Cincinnati Financial by 36.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 679,861 shares of the insurance provider’s stock worth $70,338,000 after buying an additional 180,355 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $131.97 on Friday. Cincinnati Financial has a 1 year low of $96.86 and a 1 year high of $132.69. The business has a fifty day simple moving average of $122.63 and a two-hundred day simple moving average of $118.65. The company has a market capitalization of $20.66 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the business earned $1.21 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Cincinnati Financial will post 6.46 earnings per share for the current year.

About Cincinnati Financial

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.