Cincinnati Financial (NASDAQ:CINF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its price objective hoisted by equities researchers at Keefe, Bruyette & Woods from $150.00 to $167.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 13.29% from the company's previous close.

Separately, Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Cincinnati Financial Trading Down 0.3%

Shares of CINF stock traded down $0.44 during trading hours on Wednesday, reaching $147.41. 448,866 shares of the stock traded hands, compared to its average volume of 649,565. Cincinnati Financial has a 1-year low of $115.43 and a 1-year high of $161.75. The business has a fifty day moving average price of $147.62 and a 200 day moving average price of $142.21. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $23.04 billion, a PE ratio of 16.08, a PEG ratio of 9.82 and a beta of 0.76.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, equities research analysts forecast that Cincinnati Financial will post 5.36 EPS for the current year.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. bought a new position in Cincinnati Financial during the second quarter valued at approximately $25,000. Spire Wealth Management grew its holdings in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Cincinnati Financial during the first quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in Cincinnati Financial in the 1st quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at $32,000. Institutional investors 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.