Cincinnati Financial (NASDAQ:CINF) Upgraded to Buy at Wall Street Zen

Cincinnati Financial (NASDAQ:CINF) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also weighed in on the stock. Piper Sandler raised their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Roth Mkm restated a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.33.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $160.89 on Friday. The firm has a market cap of $25.10 billion, a PE ratio of 11.97, a PEG ratio of 3.57 and a beta of 0.66. The stock has a 50 day moving average of $163.58 and a 200 day moving average of $158.24. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12 month low of $123.01 and a 12 month high of $169.86.

Institutional Trading of Cincinnati Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Cincinnati Financial in the fourth quarter worth about $51,000. Narwhal Capital Management grew its stake in shares of Cincinnati Financial by 10.1% during the fourth quarter. Narwhal Capital Management now owns 49,523 shares of the insurance provider’s stock valued at $8,088,000 after buying an additional 4,557 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth approximately $442,000. Oakworth Capital Inc. bought a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $46,000. Finally, Wealthfront Advisers LLC boosted its holdings in Cincinnati Financial by 4.7% during the 4th quarter. Wealthfront Advisers LLC now owns 13,979 shares of the insurance provider’s stock valued at $2,283,000 after acquiring an additional 627 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Company Profile

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.