Cincinnati Financial (NASDAQ:CINF) PT Raised to $143.00 at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its target price increased by research analysts at Keefe, Bruyette & Woods from $136.00 to $143.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 18.34% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler reissued a "neutral" rating and issued a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Janney Montgomery Scott assumed coverage on shares of Cincinnati Financial in a research report on Thursday, December 14th. They issued a "neutral" rating and a $110.00 price target for the company. TheStreet raised shares of Cincinnati Financial from a "c+" rating to a "b" rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets raised shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $121.29.

Cincinnati Financial Stock Up 0.8 %

CINF stock traded up $0.96 during midday trading on Wednesday, hitting $120.84. The company's stock had a trading volume of 572,337 shares, compared to its average volume of 892,902. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial has a 52-week low of $95.01 and a 52-week high of $124.35. The firm has a market capitalization of $18.93 billion, a P/E ratio of 10.39, a PEG ratio of 1.32 and a beta of 0.63. The firm has a 50-day simple moving average of $115.71 and a 200-day simple moving average of $107.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same quarter last year, the company posted $1.27 EPS. The firm's revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Cincinnati Financial will post 6.18 EPS for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its position in Cincinnati Financial by 252.2% in the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 174 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in Cincinnati Financial in the fourth quarter valued at $27,000. Providence Capital Advisors LLC lifted its position in Cincinnati Financial by 11,107.1% in the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 3,110 shares during the last quarter. BKM Wealth Management LLC purchased a new stake in Cincinnati Financial in the fourth quarter valued at $31,000. Finally, Raleigh Capital Management Inc. purchased a new stake in Cincinnati Financial in the fourth quarter valued at $31,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

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.