Cincinnati Financial (NASDAQ:CINF) PT Raised to $126.00 at Citigroup

Cincinnati Financial (NASDAQ:CINF) had its target price hoisted by Citigroup from $120.00 to $126.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. Citigroup’s target price would suggest a potential upside of 9.28% from the company’s previous close.

CINF has been the topic of several other reports. Piper Sandler reaffirmed a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Trading Down 1.5 %

NASDAQ CINF opened at $115.30 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial has a one year low of $95.01 and a one year high of $124.35. The company has a 50-day simple moving average of $116.58 and a 200-day simple moving average of $108.28. The firm has a market capitalization of $18.06 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.27 earnings per share. On average, equities analysts forecast that Cincinnati Financial will post 6.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CINF. Assetmark Inc. boosted its stake in Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 174 shares in the last quarter. Criterion Capital Advisors LLC bought a new position in Cincinnati Financial during the fourth quarter valued at about $27,000. Providence Capital Advisors LLC grew its holdings in Cincinnati Financial by 11,107.1% during the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 3,110 shares during the period. BKM Wealth Management LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of Cincinnati Financial during the 4th quarter valued at about $31,000. 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.