Cincinnati Financial (NASDAQ:CINF) Rating Lowered to Hold at Wall Street Zen

Cincinnati Financial (NASDAQ:CINF) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other brokerages have also recently issued reports on CINF. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Piper Sandler boosted their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.33.

Cincinnati Financial Price Performance

Shares of CINF opened at $168.70 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30. The company’s fifty day moving average price is $163.62 and its 200-day moving average price is $159.18. Cincinnati Financial has a 1-year low of $123.01 and a 1-year high of $174.27. The firm has a market capitalization of $26.32 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 3.89 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.51. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 earnings per share. On average, equities research analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its holdings in shares of Cincinnati Financial by 0.4% during the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after acquiring an additional 64 shares during the last quarter. Legacy Financial Strategies LLC raised its stake in Cincinnati Financial by 0.3% in the 3rd quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after purchasing an additional 65 shares during the last quarter. State of Wyoming lifted its holdings in Cincinnati Financial by 5.4% in the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 67 shares in the last quarter. Natural Investments LLC boosted its stake in Cincinnati Financial by 2.1% during the 3rd quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock worth $540,000 after purchasing an additional 70 shares during the last quarter. Finally, Triton Financial Group Inc grew its holdings in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock worth $1,718,000 after buying an additional 73 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.