Cincinnati Financial (NASDAQ:CINF) Cut to Hold at Wall Street Zen

Cincinnati Financial (NASDAQ:CINF) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

CINF has been the subject of several other reports. Roth Mkm reissued a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Piper Sandler upped their target price on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.33.

Cincinnati Financial Trading Up 0.7%

Shares of NASDAQ:CINF opened at $172.65 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $26.94 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 3.91 and a beta of 0.66. Cincinnati Financial has a 1-year low of $123.01 and a 1-year high of $174.27. The company has a 50 day moving average price of $163.57 and a 200 day moving average price of $158.97.

Hedge Funds Weigh In On Cincinnati Financial

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Cincinnati Financial by 14.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,697 shares of the insurance provider’s stock worth $277,000 after purchasing an additional 212 shares during the period. Evoke Wealth LLC lifted its position in Cincinnati Financial by 15.0% in the 4th quarter. Evoke Wealth LLC now owns 1,602 shares of the insurance provider’s stock worth $263,000 after buying an additional 209 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $293,000. Kingdom Financial Group LLC. acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at $679,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Cincinnati Financial by 99.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,829 shares of the insurance provider’s stock valued at $462,000 after acquiring an additional 1,410 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

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.