Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $168.00

Key Points

• Keefe, Bruyette & Woods has raised their price target for Cincinnati Financial from $167.00 to $168.00, indicating a potential upside of 12.19% from its previous close.
• The company reported $1.97 earnings per share for the last quarter, exceeding estimates of $1.39, with a revenue increase of 15.5% year over year.
• Multiple research firms have rated Cincinnati Financial with a consensus rating of "Moderate Buy" and a consensus target price of $159.40.

Cincinnati Financial (NASDAQ:CINF - Free Report) had its price target upped by Keefe, Bruyette & Woods from $167.00 to $168.00 in a research report report published on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider's stock.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Roth Capital lifted their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded up $3.62 on Tuesday, reaching $154.05. The company's stock had a trading volume of 811,787 shares, compared to its average volume of 609,432. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50-day simple moving average of $148.14 and a 200 day simple moving average of $143.06. The company has a market cap of $24.09 billion, a P/E ratio of 13.36, a PEG ratio of 7.61 and a beta of 0.70. Cincinnati Financial has a 52-week low of $123.01 and a 52-week high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the firm earned $1.29 EPS. The business's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Institutional Trading of Cincinnati Financial

A number of large investors have recently made changes to their positions in the stock. Park National Corp OH grew its holdings in Cincinnati Financial by 0.6% in the 1st quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock valued at $1,874,000 after buying an additional 72 shares during the period. ORG Partners LLC raised its stake in shares of Cincinnati Financial by 5.0% during the second quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider's stock valued at $226,000 after purchasing an additional 72 shares during the period. Spire Wealth Management boosted its position in Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after buying an additional 76 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider's stock valued at $588,000 after acquiring an additional 80 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. increased its position in shares of Cincinnati Financial by 0.7% during the second quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider's stock worth $1,628,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

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.