Cincinnati Financial Co. (NASDAQ:CINF) Given Average Rating of “Moderate Buy” by Brokerages

Cincinnati Financial Co. (NASDAQ:CINF) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $147.40.

Several research firms recently issued reports on CINF. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th.

Cincinnati Financial Stock Up 2.7 %

CINF stock opened at $143.58 on Monday. The business’s 50-day moving average price is $139.48 and its 200-day moving average price is $142.61. The stock has a market cap of $22.44 billion, a P/E ratio of 9.89, a PEG ratio of 8.30 and a beta of 0.53. Cincinnati Financial has a twelve month low of $111.92 and a twelve month high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 earnings per share. On average, equities research analysts forecast that Cincinnati Financial will post 5.36 EPS for the current year.

Hedge Funds Weigh In On Cincinnati Financial

Several institutional investors have recently bought and sold shares of the business. Spire Wealth Management grew its position in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial during the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial during the first quarter worth $30,000. Finally, GoalVest Advisory LLC increased its position in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 102 shares during 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.