Roth Mkm Boosts Cincinnati Financial (NASDAQ:CINF) Price Target to $160.00

Cincinnati Financial (NASDAQ:CINF) had its price objective increased by stock analysts at Roth Mkm from $140.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s price objective indicates a potential upside of 20.76% from the company’s previous close.

A number of other research firms have also recently commented on CINF. Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $146.67.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded down $6.94 during trading on Wednesday, reaching $132.50. 241,889 shares of the company’s stock were exchanged, compared to its average volume of 713,338. The firm’s 50-day moving average price is $142.92 and its 200 day moving average price is $140.47. The company has a market cap of $20.71 billion, a P/E ratio of 6.81, a PEG ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial has a 1-year low of $107.75 and a 1-year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. As a group, research analysts anticipate that Cincinnati Financial will post 6.33 earnings per share for the current year.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $28,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at about $42,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

About Cincinnati Financial

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.