Cincinnati Financial Corporation (NASDAQ:CINF) Given Average Rating of “Moderate Buy” by Analysts

Cincinnati Financial Corporation (NASDAQ:CINF) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $195.40.

A number of analysts have recently weighed in on the stock. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 6th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $173.17 on Monday. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 3.62 and a beta of 0.55. The business’s fifty day moving average is $177.61 and its 200 day moving average is $168.23. Cincinnati Financial has a twelve month low of $149.60 and a twelve month high of $194.81. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same quarter last year, the company posted $1.97 EPS. Research analysts expect that Cincinnati Financial will post 8.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $270,892,000. GQG Partners LLC bought a new position in Cincinnati Financial in the 2nd quarter worth about $216,679,000. Legal & General Group Plc purchased a new stake in Cincinnati Financial during the 2nd quarter valued at about $200,331,000. First Trust Advisors LP grew its position in Cincinnati Financial by 59.4% during the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock valued at $331,136,000 after purchasing an additional 784,584 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Cincinnati Financial during the 2nd quarter valued at about $99,691,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.