Cincinnati Financial (NASDAQ:CINF) Rating Increased to Hold at StockNews.com

Cincinnati Financial (NASDAQ:CINF) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF opened at $132.11 on Thursday. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.75. The stock has a market capitalization of $20.68 billion, a PE ratio of 9.10, a PEG ratio of 8.30 and a beta of 0.53. 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 50-day simple moving average of $139.76 and a 200-day simple moving average of $142.60.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the 4th quarter valued at $27,000. Y.D. More Investments Ltd increased its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares during the period. GoalVest Advisory LLC raised its holdings in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Cincinnati Financial by 333.3% during the first 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 period. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Cincinnati Financial by 5,000.0% during the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors 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.