Cincinnati Financial (NASDAQ:CINF) Given New $126.00 Price Target at Citigroup

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its price target raised by Citigroup from $120.00 to $126.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the insurance provider's stock. Citigroup's price objective indicates a potential upside of 7.63% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $136.00 to $143.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. Piper Sandler reiterated a "neutral" rating and issued a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. BMO Capital Markets upgraded shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Finally, TheStreet upgraded shares of Cincinnati Financial from a "c+" rating to a "b" rating in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $123.57.

Cincinnati Financial Price Performance

CINF traded up $0.27 on Tuesday, reaching $117.07. The company had a trading volume of 529,890 shares, compared to its average volume of 876,193. The company has a market capitalization of $18.34 billion, a P/E ratio of 10.03, a PEG ratio of 2.44 and a beta of 0.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $116.41 and a 200-day moving average of $108.23. Cincinnati Financial has a one year low of $95.01 and a one year high of $124.35.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $1.27 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Cincinnati Financial will post 6.2 earnings per share for the current year.

Institutional Investors Weigh In On Cincinnati Financial

A number of large investors have recently made changes to their positions in CINF. Assetmark Inc. raised its stake in Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 174 shares during the period. Criterion Capital Advisors LLC acquired a new position in Cincinnati Financial during the fourth quarter valued at $27,000. BKM Wealth Management LLC acquired a new position in Cincinnati Financial during the fourth quarter valued at $31,000. AM Squared Ltd purchased a new stake in Cincinnati Financial in the 1st quarter worth about $34,000. Finally, Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial during the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.