Cincinnati Financial (NASDAQ:CINF) had its price target boosted by equities research analysts at Buckingham Research from $92.00 to $100.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Buckingham Research’s price target indicates a potential downside of 11.60% from the stock’s current price.
A number of other brokerages have also recently issued reports on CINF. BidaskClub cut Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada increased their price objective on Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Credit Suisse Group raised Cincinnati Financial from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $110.00 in a report on Friday, May 17th. Finally, MKM Partners reissued a “buy” rating and set a $120.00 price objective (up previously from $100.00) on shares of Cincinnati Financial in a report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cincinnati Financial presently has a consensus rating of “Buy” and an average target price of $106.40.
CINF traded up $1.64 during trading on Thursday, reaching $113.12. 113,269 shares of the company were exchanged, compared to its average volume of 692,730. The company’s 50-day moving average is $109.67 and its two-hundred day moving average is $98.79. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 33.77 and a beta of 0.64. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.10. Cincinnati Financial has a 12-month low of $71.01 and a 12-month high of $115.56.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Cincinnati Financial had a return on equity of 7.17% and a net margin of 18.28%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. Equities analysts forecast that Cincinnati Financial will post 3.75 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the business. Curbstone Financial Management Corp raised its holdings in shares of Cincinnati Financial by 1.6% in the 2nd quarter. Curbstone Financial Management Corp now owns 6,490 shares of the insurance provider’s stock valued at $673,000 after acquiring an additional 100 shares in the last quarter. Advisor Partners LLC raised its holdings in shares of Cincinnati Financial by 2.5% during the 2nd quarter. Advisor Partners LLC now owns 4,392 shares of the insurance provider’s stock valued at $455,000 after buying an additional 108 shares in the last quarter. KC Investment Advisors LLC raised its holdings in shares of Cincinnati Financial by 1.8% during the 1st quarter. KC Investment Advisors LLC now owns 6,140 shares of the insurance provider’s stock valued at $527,000 after buying an additional 111 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Cincinnati Financial by 4.5% during the 2nd quarter. Fiera Capital Corp now owns 2,606 shares of the insurance provider’s stock valued at $270,000 after buying an additional 113 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Cincinnati Financial by 42.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock valued at $39,000 after buying an additional 113 shares in the last quarter. 63.94% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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