Keefe, Bruyette & Woods Increases Cincinnati Financial (NASDAQ:CINF) Price Target to $168.00

Cincinnati Financial (NASDAQ:CINF) had its target price increased by research analysts at Keefe, Bruyette & Woods from $167.00 to $168.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 9.06% from the company’s current price.

Several other equities analysts have also recently issued reports on CINF. Roth Capital lifted their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Cincinnati Financial Stock Up 2.4%

CINF opened at $154.05 on Tuesday. Cincinnati Financial has a 12 month low of $123.01 and a 12 month high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $24.09 billion, a P/E ratio of 13.36, a P/E/G ratio of 7.61 and a beta of 0.70. The stock’s 50 day moving average price is $148.14 and its 200 day moving average price is $143.06.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial will post 5.36 earnings per share for the current year.

Institutional Investors Weigh In On Cincinnati Financial

Large investors have recently modified their holdings of the stock. Quintet Private Bank Europe S.A. bought a new stake in shares of Cincinnati Financial during the 2nd quarter worth $25,000. Spire Wealth Management boosted its position in shares of 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 buying an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Cincinnati Financial in the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Cincinnati Financial in the first quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Cincinnati Financial in the first quarter worth $32,000. 65.24% of the stock is owned by institutional investors.

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.