Cincinnati Financial (NASDAQ:CINF) Price Target Increased to $140.00 by Analysts at Roth Mkm

Cincinnati Financial (NASDAQ:CINF) had its price objective raised by investment analysts at Roth Mkm from $130.00 to $140.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s target price points to a potential upside of 12.40% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Piper Sandler reissued a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Bank of America increased their target price on shares of Cincinnati Financial from $143.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $133.57.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $4.25 during trading on Friday, hitting $124.55. The company’s stock had a trading volume of 405,620 shares, compared to its average volume of 778,638. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 2.61 and a beta of 0.65. The company has a 50-day moving average of $117.59 and a 200-day moving average of $116.02. Cincinnati Financial has a 12 month low of $96.86 and a 12 month high of $128.23.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.32. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 EPS. On average, sell-side analysts expect that Cincinnati Financial will post 6.23 earnings per share for the current year.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Institutional Trading of Cincinnati Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Savant Capital LLC raised its holdings in shares of Cincinnati Financial by 1.6% in the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock valued at $625,000 after acquiring an additional 96 shares in the last quarter. Pinion Investment Advisors LLC raised its holdings in shares of Cincinnati Financial by 2.9% in the fourth quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. grew its stake in Cincinnati Financial by 11.6% in the fourth quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 104 shares during the last quarter. Trust Co. of Vermont grew its stake in Cincinnati Financial by 9.4% in the fourth quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock valued at $144,000 after purchasing an additional 119 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in Cincinnati Financial by 2.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,590 shares of the insurance provider’s stock valued at $578,000 after purchasing an additional 132 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Company Profile

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.