Cincinnati Financial (NASDAQ:CINF) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF) had its target price lowered by Keefe, Bruyette & Woods from $190.00 to $171.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

A number of other research analysts have also issued reports on the stock. Piper Sandler boosted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Roth Capital increased their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.60.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $166.67 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The firm’s fifty day moving average price is $168.56 and its 200 day moving average price is $169.49. Cincinnati Financial has a 1-year low of $150.00 and a 1-year high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the company posted $1.97 EPS. On average, sell-side analysts expect that Cincinnati Financial will post 8.44 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is 17.74%.

Insider Buying and Selling

In related news, Director Dirk Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the transaction, the director owned 62,059 shares of the company’s stock, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.94% of the company’s stock.

Hedge Funds Weigh In On Cincinnati Financial

A number of large investors have recently made changes to their positions in CINF. Keating Financial Advisory Services Inc. acquired a new position in Cincinnati Financial in the 2nd quarter valued at $27,000. Covestor Ltd lifted its stake in shares of Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 83 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth $34,000. Elevation Wealth Partners LLC boosted its holdings in shares of Cincinnati Financial by 230.8% during the third quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $36,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.