Keefe, Bruyette & Woods Cuts Cincinnati Financial (NASDAQ:CINF) Price Target to $190.00

Cincinnati Financial (NASDAQ:CINF) had its target price reduced by analysts at Keefe, Bruyette & Woods from $191.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 18.20% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, March 24th. Finally, Piper Sandler increased their price target on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.00.

Cincinnati Financial Trading Up 0.4%

NASDAQ CINF traded up $0.70 during trading on Tuesday, reaching $160.74. 160,030 shares of the stock traded hands, compared to its average volume of 755,433. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 3.53 and a beta of 0.63. The stock’s 50-day moving average price is $162.59 and its 200 day moving average price is $161.88. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a fifty-two week low of $123.01 and a fifty-two week high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.51. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.92 billion. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $3.14 earnings per share. Analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Several institutional investors have recently added to or reduced their stakes in CINF. Bison Wealth LLC acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Cincinnati Financial by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after buying an additional 173,343 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Cincinnati Financial by 154.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,401 shares of the insurance provider’s stock worth $209,000 after buying an additional 850 shares in the last quarter. Finally, Amundi raised its position in Cincinnati Financial by 113.6% in the 2nd quarter. Amundi now owns 454,996 shares of the insurance provider’s stock valued at $66,479,000 after buying an additional 242,020 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.