Keefe, Bruyette & Woods Issues Positive Forecast for Cincinnati Financial (NASDAQ:CINF) Stock Price

Cincinnati Financial (NASDAQ:CINF) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $177.00 to $180.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 17.14% from the company’s current price.

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

Cincinnati Financial Stock Performance

Shares of CINF opened at $153.66 on Tuesday. The company has a market cap of $23.97 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 4.27 and a beta of 0.72. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $156.04 and a 200-day moving average price of $150.31. Cincinnati Financial has a 12-month low of $123.01 and a 12-month high of $166.90.

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

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average price of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director directly owned 58,482 shares in the company, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Institutional Trading of Cincinnati Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Cincinnati Financial during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Cincinnati Financial in the 1st quarter worth $26,000. LRI Investments LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth $29,000. Quent Capital LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth $34,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Cincinnati Financial in the 1st quarter worth $32,000. 65.24% of the stock is currently 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.