Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $150.00

Cincinnati Financial (NASDAQ:CINF) had its target price lifted by Keefe, Bruyette & Woods from $146.00 to $150.00 in a research note released on Thursday, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other research firms also recently weighed in on CINF. Roth Mkm upped their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a buy rating in a research report on Friday, July 26th. Bank of America increased their target price on Cincinnati Financial from $143.00 to $156.00 and gave the company a buy rating in a report on Thursday, July 11th. Finally, Citigroup upgraded shares of Cincinnati Financial from a neutral rating to a buy rating and upped their price objective for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of Moderate Buy and a consensus target price of $134.57.

Cincinnati Financial Stock Up 0.3 %

Shares of Cincinnati Financial stock opened at $130.35 on Thursday. The business has a 50-day moving average of $118.82 and a 200-day moving average of $116.97. Cincinnati Financial has a 1-year low of $96.86 and a 1-year high of $132.69. The company has a market capitalization of $20.37 billion, a PE ratio of 8.67, 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 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities analysts forecast that Cincinnati Financial will post 6.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CINF. Raymond James Financial Services Advisors Inc. grew its holdings in Cincinnati Financial by 17.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,828 shares of the insurance provider’s stock worth $3,396,000 after purchasing an additional 4,795 shares during the period. UMB Bank n.a. lifted its position in shares of Cincinnati Financial by 11.6% during the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 104 shares during the period. Ballentine Partners LLC increased its holdings in Cincinnati Financial by 10.9% in the 4th quarter. Ballentine Partners LLC now owns 2,908 shares of the insurance provider’s stock valued at $301,000 after buying an additional 285 shares during the period. Arizona State Retirement System increased its stake in Cincinnati Financial by 0.5% in the fourth quarter. Arizona State Retirement System now owns 43,110 shares of the insurance provider’s stock valued at $4,460,000 after acquiring an additional 219 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Cincinnati Financial by 4.0% in the fourth quarter. Allworth Financial LP now owns 5,530 shares of the insurance provider’s stock valued at $572,000 after buying an additional 214 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.