Cincinnati Financial’s (CINF) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued on Wednesday,Benzinga reports. They presently have a $201.00 price target on the insurance provider’s stock, up from their previous price target of $191.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 6.32% from the company’s previous close.

CINF has been the subject of a number of other reports. Piper Sandler upped their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Roth Capital boosted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Bank of America cut their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.75.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $189.06 on Wednesday. The company’s fifty day moving average price is $169.43 and its 200-day moving average price is $165.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $29.25 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 4.09 and a beta of 0.54. Cincinnati Financial has a one year low of $143.87 and a one year high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, equities research analysts anticipate that Cincinnati Financial will post 8.66 earnings per share for the current fiscal year.

Institutional Trading of Cincinnati Financial

A number of institutional investors have recently modified their holdings of CINF. Lodestone Wealth Management LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $25,000. Motiv8 Investments LLC purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new stake in Cincinnati Financial in the first quarter worth $34,000. DV Equities LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at $36,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Company Profile

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.