Cincinnati Financial (NASDAQ:CINF) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Cincinnati Financial Corporation (NASDAQ:CINF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $168.01 and traded as high as $173.78. Cincinnati Financial shares last traded at $172.47, with a volume of 481,995 shares.

Analysts Set New Price Targets

CINF has been the subject of several analyst reports. Piper Sandler raised their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Roth Capital upped their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research report on Wednesday, July 15th. Bank of America cut Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Trading Up 0.3%

The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 3.61 and a beta of 0.54. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $177.45 and its 200 day simple moving average is $168.12.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.97 earnings per share. On average, research analysts expect that Cincinnati Financial Corporation will post 8.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors have recently bought and sold shares of CINF. Vanguard Group Inc. grew its position in Cincinnati Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider’s stock worth $3,221,579,000 after buying an additional 123,110 shares in the last quarter. State Street Corp raised its holdings in Cincinnati Financial by 0.3% in the 3rd quarter. State Street Corp now owns 8,542,265 shares of the insurance provider’s stock valued at $1,357,825,000 after acquiring an additional 26,475 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cincinnati Financial by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,632,071 shares of the insurance provider’s stock valued at $1,083,151,000 after acquiring an additional 97,761 shares during the period. Geode Capital Management LLC lifted its position in shares of Cincinnati Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider’s stock valued at $671,265,000 after acquiring an additional 25,888 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of 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 acquiring an additional 784,584 shares during the period. Institutional investors and hedge funds 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.