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

Cincinnati Financial (NASDAQ:CINF) had its price target hoisted by equities research analysts at Roth Mkm from $130.00 to $140.00 in a note issued to investors on Friday, Benzinga reports. The firm currently 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 company’s previous close.

Several other research firms have also recently commented on CINF. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Bank of America lifted their price target on Cincinnati Financial from $143.00 to $156.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Piper Sandler reiterated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $4.25 on Friday, reaching $124.55. 405,620 shares of the company were exchanged, compared to its average volume of 778,638. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The company’s 50-day moving average is $117.59 and its two-hundred day moving average is $116.02. 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. Cincinnati Financial has a 1-year low of $96.86 and a 1-year high of $128.23.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating the consensus estimate of $0.97 by $0.32. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $1.21 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial will post 6.23 earnings per share for the current fiscal year.

Insider Transactions at Cincinnati Financial

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 price of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now directly owns 53,988 shares in the company, valued at approximately $6,126,018.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is currently owned by insiders.

Institutional Trading of Cincinnati Financial

Institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after purchasing an additional 7,709 shares during the last quarter. UBS Group AG raised its holdings in Cincinnati Financial by 15.4% during the fourth quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock valued at $36,123,000 after buying an additional 46,595 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Cincinnati Financial by 40.6% during the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after buying an additional 48,597 shares in the last quarter. United Advisor Group LLC bought a new position in Cincinnati Financial during the fourth quarter valued at about $888,000. Finally, Norges Bank bought a new position in Cincinnati Financial during the fourth quarter valued at about $179,305,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.