Keefe, Bruyette & Woods Issues Pessimistic Forecast for Cincinnati Financial (NASDAQ:CINF) Stock Price

Cincinnati Financial (NASDAQ:CINF) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $182.00 to $148.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.72% from the company’s previous close.

Separately, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded down $2.38 during midday trading on Wednesday, reaching $124.67. 94,931 shares of the company’s stock traded hands, compared to its average volume of 666,406. The company has a fifty day simple moving average of $140.36 and a two-hundred day simple moving average of $142.83. Cincinnati Financial has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a market cap of $19.52 billion, a P/E ratio of 8.56, a PEG ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities analysts predict that Cincinnati Financial will post 5.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Cincinnati Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in Cincinnati Financial by 2.8% in the 3rd quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider’s stock worth $2,474,000 after purchasing an additional 500 shares in the last quarter. Quarry LP acquired a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $43,000. Quantinno Capital Management LP lifted its position in Cincinnati Financial by 69.7% during the third quarter. Quantinno Capital Management LP now owns 8,207 shares of the insurance provider’s stock worth $1,117,000 after buying an additional 3,370 shares in the last quarter. Stifel Financial Corp boosted its stake in Cincinnati Financial by 1.0% during the third quarter. Stifel Financial Corp now owns 93,411 shares of the insurance provider’s stock worth $12,715,000 after buying an additional 963 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Cincinnati Financial by 32.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,816 shares of the insurance provider’s stock valued at $1,200,000 after buying an additional 2,148 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.