Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Cincinnati Financial (NASDAQ:CINF) Stock

Cincinnati Financial (NASDAQ:CINF) had its price target lifted by Keefe, Bruyette & Woods from $180.00 to $182.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 34.91% from the stock’s previous close.

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

Cincinnati Financial Stock Up 0.9 %

NASDAQ CINF traded up $1.23 on Thursday, reaching $134.90. The company had a trading volume of 102,993 shares, compared to its average volume of 716,150. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $21.09 billion, a P/E ratio of 6.94, a P/E/G ratio of 2.42 and a beta of 0.71. The company’s fifty day moving average is $142.47 and its 200 day moving average is $140.42. Cincinnati Financial has a 52-week low of $109.93 and a 52-week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Sell-side analysts anticipate that Cincinnati Financial will post 6.33 earnings per share for the current fiscal year.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cincinnati Financial

Hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $28,000. Y.D. More Investments Ltd boosted its position in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. Finally, True Wealth Design LLC bought a new position in Cincinnati Financial during the 3rd quarter worth approximately $42,000. 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.