Cincinnati Financial (NASDAQ:CINF) PT Raised to $168.00

Cincinnati Financial (NASDAQ:CINF) had its target price lifted by Bank of America from $149.00 to $168.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Bank of America‘s price objective would suggest a potential upside of 23.18% from the stock’s previous close.

A number of other brokerages also recently issued reports on CINF. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Finally, Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

Cincinnati Financial Trading Up 1.0 %

Shares of NASDAQ CINF opened at $136.39 on Thursday. The business has a fifty day moving average price of $133.72 and a 200 day moving average price of $123.93. Cincinnati Financial has a 1-year low of $96.86 and a 1-year high of $139.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $21.35 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business earned $1.21 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts expect that Cincinnati Financial will post 6.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors have recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth $25,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial in the third quarter valued at $29,000. Massmutual Trust Co. FSB ADV grew its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. USA Financial Formulas purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $33,000. Finally, Rothschild Investment LLC acquired a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $29,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

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.