Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $167.00 at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $150.00 to $167.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 12.95% from the company's previous close.

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

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded up $1.14 during trading on Wednesday, reaching $147.85. The company's stock had a trading volume of 456,473 shares, compared to its average volume of 652,686. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12-month low of $115.43 and a 12-month high of $161.75. The company has a market capitalization of $23.11 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 9.70 and a beta of 0.76. The business has a 50 day moving average price of $147.39 and a 200-day moving average price of $142.16.

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 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 firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial will post 5.36 EPS for the current year.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds have recently bought and sold shares of the stock. Quintet Private Bank Europe S.A. purchased a new position in shares of Cincinnati Financial during the second quarter valued at approximately $25,000. Spire Wealth Management grew its position in shares of Cincinnati Financial by 77.6% in 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 period. Meeder Asset Management Inc. purchased a new stake in shares of Cincinnati Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Cincinnati Financial in the first quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Cincinnati Financial in the 1st quarter valued at about $32,000. Hedge funds and other 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.