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

Cincinnati Financial (NASDAQ:CINF) had its price objective increased by stock analysts at Keefe, Bruyette & Woods from $180.00 to $182.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 32.88% from the company’s previous close.

Several other research firms have also weighed in on CINF. Piper Sandler boosted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Stock Down 0.2 %

Cincinnati Financial stock opened at $136.97 on Thursday. The company has a market capitalization of $21.41 billion, a P/E ratio of 7.04, a P/E/G ratio of 2.42 and a beta of 0.71. The firm’s fifty day simple moving average is $142.07 and its 200-day simple moving average is $140.40. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 1-year low of $109.93 and a 1-year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Sell-side analysts forecast that Cincinnati Financial will post 6.33 earnings per share for the current fiscal year.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cincinnati Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after acquiring an additional 224,033 shares during the period. Geode Capital Management LLC raised its stake in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after buying an additional 185,705 shares in the last quarter. Northern Trust Corp raised its stake in shares of Cincinnati Financial by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider’s stock valued at $240,297,000 after buying an additional 162,714 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $223,959,000. 65.24% of the stock is currently owned by institutional investors.

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.