Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $182.00

Cincinnati Financial (NASDAQ:CINF - Get Free Report) had its target price boosted by equities researchers at Keefe, Bruyette & Woods from $180.00 to $182.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 32.88% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $151.00.

Cincinnati Financial Stock Down 0.2 %

Shares of Cincinnati Financial stock traded down $0.22 during trading on Thursday, reaching $136.97. 948,657 shares of the company traded hands, compared to its average volume of 707,527. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial has a 1-year low of $109.93 and a 1-year high of $161.74. The company has a 50 day moving average price of $141.69 and a 200-day moving average price of $140.61. The firm has a market capitalization of $21.41 billion, a PE ratio of 7.04, a P/E/G ratio of 2.42 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. As a group, equities research analysts expect that Cincinnati Financial will post 6.33 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Cincinnati Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Mufg Securities Americas Inc. bought a new position in Cincinnati Financial during the fourth quarter worth about $332,000. Nissay Asset Management Corp Japan ADV boosted its position in Cincinnati Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after purchasing an additional 91 shares during the period. Nomura Holdings Inc. boosted its position in Cincinnati Financial by 24.7% during the fourth quarter. Nomura Holdings Inc. now owns 13,221 shares of the insurance provider's stock worth $1,900,000 after purchasing an additional 2,622 shares during the period. Laird Norton Wetherby Wealth Management LLC bought a new position in Cincinnati Financial during the fourth quarter worth about $207,000. Finally, Lighthouse Investment Partners LLC boosted its position in Cincinnati Financial by 5.9% during the fourth quarter. Lighthouse Investment Partners LLC now owns 112,869 shares of the insurance provider's stock worth $16,219,000 after purchasing an additional 6,303 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

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.