Keefe, Bruyette & Woods Cuts Cincinnati Financial (NASDAQ:CINF) Price Target to $190.00

Cincinnati Financial (NASDAQ:CINF) had its target price reduced by Keefe, Bruyette & Woods from $201.00 to $190.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Several other research analysts also recently commented on CINF. Roth Capital lifted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a report on Wednesday, July 15th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Piper Sandler increased their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Trading Down 1.2%

Shares of NASDAQ:CINF opened at $176.86 on Wednesday. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 3.66 and a beta of 0.54. Cincinnati Financial has a 12 month low of $149.21 and a 12 month high of $194.81. The company’s fifty day simple moving average is $176.28 and its 200 day simple moving average is $167.70. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. As a group, research analysts forecast that Cincinnati Financial will post 8.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Cincinnati Financial

Institutional investors have recently modified their holdings of the business. Motiv8 Investments LLC bought a new position in Cincinnati Financial in the 4th quarter valued at approximately $29,000. Covestor Ltd grew its holdings in Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at approximately $34,000. DV Equities LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $36,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds 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.