Cincinnati Financial (NASDAQ:CINF) Shares Down 4.8%

Shares of Cincinnati Financial Co. (NASDAQ:CINF) dropped 4.8% during trading on Friday . The company traded as low as $112.16 and last traded at $112.70. Approximately 302,764 shares traded hands during trading, a decline of 64% from the average daily volume of 851,760 shares. The stock had previously closed at $118.44.

Analysts Set New Price Targets

CINF has been the topic of a number of research reports. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Citigroup lifted their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Trading Down 6.4 %

The stock has a 50 day moving average of $117.71 and a 200-day moving average of $109.13. The company has a market capitalization of $17.37 billion, a P/E ratio of 7.38, a P/E/G ratio of 2.39 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.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.13 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 22.16%. Cincinnati Financial’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, research analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Hedge Funds Weigh In On Cincinnati Financial

Several hedge funds have recently bought and sold shares of CINF. Norges Bank bought a new position in shares of Cincinnati Financial during the 4th quarter worth $179,305,000. Los Angeles Capital Management LLC grew its position in shares of Cincinnati Financial by 554.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after buying an additional 939,861 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Cincinnati Financial by 1,870.3% during the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after buying an additional 260,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Cincinnati Financial during the 4th quarter worth $21,036,000. Finally, London Co. of Virginia grew its position in shares of Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after buying an additional 200,414 shares in the last quarter. 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.