Cincinnati Financial (NASDAQ:CINF) Rating Increased to Buy at Wall Street Zen

Cincinnati Financial (NASDAQ:CINF) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm reiterated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler upped their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $174.33.

Cincinnati Financial Stock Performance

Shares of CINF opened at $160.89 on Friday. The firm has a market capitalization of $25.10 billion, a P/E ratio of 11.97, a PEG ratio of 3.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30. Cincinnati Financial has a one year low of $123.01 and a one year high of $169.86. The business has a fifty day moving average of $163.58 and a 200 day moving average of $158.24.

Institutional Trading of Cincinnati Financial

Institutional investors have recently made changes to their positions in the business. Bison Wealth LLC purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after buying an additional 525 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Cincinnati Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after buying an additional 173,343 shares in the last quarter. PFG Investments LLC boosted its position in shares of Cincinnati Financial by 2.7% during the second quarter. PFG Investments LLC now owns 3,763 shares of the insurance provider’s stock worth $560,000 after acquiring an additional 98 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Cincinnati Financial by 11.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 166,892 shares of the insurance provider’s stock valued at $24,854,000 after acquiring an additional 16,560 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.