Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Cincinnati Financial (NASDAQ:CINF) Stock

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 report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 13.83% from the stock's current price.

Separately, Wall Street Zen raised 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.25.

Cincinnati Financial Stock Up 0.4%

CINF traded up $0.62 during trading on Wednesday, hitting $146.71. The company had a trading volume of 670,980 shares, compared to its average volume of 653,471. The company has a market cap of $22.93 billion, a PE ratio of 16.00, a P/E/G ratio of 9.70 and a beta of 0.76. The business has a 50-day moving average of $147.39 and a 200-day moving average of $142.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial has a 1-year low of $115.43 and a 1-year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. As a group, analysts forecast that Cincinnati Financial will post 5.36 earnings per share for the current year.

Institutional Trading of Cincinnati Financial

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cincinnati Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock worth $2,844,419,000 after acquiring an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after acquiring an additional 358,018 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cincinnati Financial by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after acquiring an additional 185,705 shares during the last quarter. Invesco Ltd. grew its position in shares of Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock worth $273,062,000 after acquiring an additional 40,222 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Cincinnati Financial during the first quarter worth about $270,005,000. Institutional investors own 65.24% of the company's stock.

About Cincinnati Financial

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.