Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $167.00

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its target price raised by research analysts at Keefe, Bruyette & Woods from $150.00 to $167.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 14.65% from the company's previous close.

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

Cincinnati Financial Stock Performance

CINF stock traded down $0.43 during mid-day trading on Wednesday, reaching $145.67. The company had a trading volume of 192,176 shares, compared to its average volume of 651,132. Cincinnati Financial has a one year low of $115.43 and a one year high of $161.75. The stock's 50-day simple moving average is $147.24 and its two-hundred day simple moving average is $142.13. 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 stock has a market capitalization of $22.77 billion, a P/E ratio of 15.91, a P/E/G ratio of 9.71 and a beta of 0.76.

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

Institutional Trading of Cincinnati Financial

Large investors have recently modified their holdings of the company. CWA Asset Management Group LLC boosted its holdings in shares of Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after purchasing an additional 94 shares during the period. Merit Financial Group LLC lifted its position in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after purchasing an additional 3,776 shares during the period. Asset Management One Co. Ltd. increased its stake in Cincinnati Financial by 8.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock worth $9,654,000 after purchasing an additional 5,159 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Cincinnati Financial by 14.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,391 shares of the insurance provider's stock worth $501,000 after acquiring an additional 434 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after buying an additional 2,122 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.