Cincinnati Financial (NASDAQ:CINF) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $110.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a "hold" rating on the insurance provider's stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential downside of 4.26% from the stock's current price.
A number of other equities research analysts have also issued reports on CINF. Zacks Investment Research upgraded shares of Cincinnati Financial from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a report on Thursday, February 11th. Royal Bank of Canada boosted their price objective on shares of Cincinnati Financial from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, April 20th. Finally, MKM Partners boosted their price objective on shares of Cincinnati Financial from $110.00 to $130.00 and gave the company a "buy" rating in a research report on Thursday, March 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. The company currently has a consensus rating of "Hold" and an average price target of $99.40.
CINF stock opened at $114.90 on Tuesday. Cincinnati Financial has a 52-week low of $46.07 and a 52-week high of $115.43. The company's 50 day simple moving average is $106.81 and its 200-day simple moving average is $91.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $18.51 billion, a P/E ratio of 23.69 and a beta of 0.59.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, April 28th. The insurance provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.32. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm's revenue was down 2349.5% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial will post 2.81 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ascension Asset Management LLC bought a new stake in Cincinnati Financial in the first quarter worth approximately $1,714,000. Valmark Advisers Inc. bought a new stake in Cincinnati Financial in the first quarter worth approximately $534,000. Daiwa Securities Group Inc. grew its position in Cincinnati Financial by 2.6% in the first quarter. Daiwa Securities Group Inc. now owns 8,089 shares of the insurance provider's stock worth $834,000 after acquiring an additional 204 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cincinnati Financial by 0.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,623 shares of the insurance provider's stock worth $4,291,000 after acquiring an additional 251 shares in the last quarter. Finally, Advanced Asset Management Advisors Inc bought a new stake in Cincinnati Financial in the first quarter worth approximately $208,000. 65.26% of the stock is currently owned by hedge funds and other institutional investors.
About Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company 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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