Cincinnati Financial (NASDAQ:CINF) Price Target Lowered to $148.00 at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF) had its price objective cut by Keefe, Bruyette & Woods from $182.00 to $148.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

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

Cincinnati Financial Stock Performance

CINF opened at $131.09 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $140.02 and its two-hundred day moving average price is $142.70. The firm has a market capitalization of $20.52 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial has a 12-month low of $109.93 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities analysts forecast that Cincinnati Financial will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

Hedge Funds Weigh In On Cincinnati Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oak Thistle LLC increased its holdings in shares of Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter valued at $546,000. JPMorgan Chase & Co. raised its position in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after purchasing an additional 5,097 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Institutional investors 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.