Cincinnati Financial's (CINF) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Cincinnati Financial's stock has had its "buy (B)" rating reaffirmed by Weiss Ratings in a recent report, reflecting investor confidence in the firm's performance.
• Roth Capital has raised its target price on the stock from $160.00 to $175.00, with five analysts rating it as a "Buy." The average rating remains a "Moderate Buy" with a price target of $159.40.
• The company's latest earnings report revealed earnings per share (EPS) of $1.97, exceeding estimates, and revenue growth of 15.5% year-over-year despite lower-than-expected revenue of $2.48 billion.

Cincinnati Financial (NASDAQ:CINF - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

CINF has been the subject of several other research reports. Roth Capital upped their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average price target of $159.40.

Cincinnati Financial Stock Down 0.1%

CINF stock traded down $0.14 during midday trading on Wednesday, reaching $165.55. 445,097 shares of the company's stock traded hands, compared to its average volume of 461,857. Cincinnati Financial has a 52 week low of $123.01 and a 52 week high of $166.90. 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 company has a market cap of $25.89 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 8.10 and a beta of 0.72. The firm's fifty day moving average price is $154.57 and its 200-day moving average price is $147.85.

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

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC lifted its holdings in shares of Cincinnati Financial by 5.0% in the second quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider's stock worth $226,000 after buying an additional 72 shares in the last quarter. Spire Wealth Management lifted its holdings 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 worth $26,000 after buying an additional 76 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Cincinnati Financial by 3.9% in the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider's stock worth $303,000 after buying an additional 77 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Cincinnati Financial by 2.1% in the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider's stock worth $588,000 after buying an additional 80 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. lifted its holdings in shares of Cincinnati Financial by 0.7% in the second quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider's stock worth $1,628,000 after buying an additional 81 shares in the last quarter. 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.

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