Keefe, Bruyette & Woods Issues Pessimistic Forecast for Cincinnati Financial (NASDAQ:CINF) Stock Price

Cincinnati Financial (NASDAQ:CINF) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $182.00 to $148.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.46% from the company’s previous close.

Separately, Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $131.60 on Wednesday. Cincinnati Financial has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The stock’s 50 day simple moving average is $140.11 and its two-hundred day simple moving average is $142.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts expect 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 hedge funds have recently added to or reduced their stakes in CINF. Salvus Wealth Management LLC increased its holdings in shares of Cincinnati Financial by 4.7% in the 1st quarter. Salvus Wealth Management LLC now owns 6,367 shares of the insurance provider’s stock worth $941,000 after purchasing an additional 284 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Cincinnati Financial by 7.4% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider’s stock valued at $55,802,000 after buying an additional 25,926 shares during the last quarter. Unigestion Holding SA bought a new stake in Cincinnati Financial in the 1st quarter worth about $824,000. Whipplewood Advisors LLC raised its position in Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in Cincinnati Financial during the 1st quarter valued at about $217,000. 65.24% of the stock is currently 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.