Cincinnati Financial (NASDAQ:CINF) Given New $180.00 Price Target at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF) had its price target raised by Keefe, Bruyette & Woods from $177.00 to $180.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Other analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $171.67.

Cincinnati Financial Stock Up 2.4%

Shares of NASDAQ CINF opened at $157.39 on Tuesday. The company has a market capitalization of $24.56 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 4.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29. The business has a 50-day moving average of $156.11 and a two-hundred day moving average of $150.49. Cincinnati Financial has a 1 year low of $123.01 and a 1 year high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. On average, analysts forecast that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s payout ratio is currently 25.89%.

Insider Buying and Selling

In related news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, with a total value of $153,980.00. Following the purchase, the director directly owned 58,482 shares in the company, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Cincinnati Financial

A number of hedge funds have recently added to or reduced their stakes in CINF. GQG Partners LLC acquired a new stake in Cincinnati Financial during the 1st quarter worth approximately $270,005,000. Norges Bank acquired a new stake in Cincinnati Financial during the 2nd quarter worth approximately $235,714,000. Raymond James Financial Inc. lifted its holdings in shares of Cincinnati Financial by 558.8% in the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock valued at $79,909,000 after buying an additional 458,841 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cincinnati Financial by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock valued at $940,130,000 after buying an additional 358,018 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at approximately $47,070,000. 65.24% of the stock is owned by institutional investors and hedge funds.

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.