Cincinnati Financial (NASDAQ:CINF) Stock Rating Lowered by StockNews.com

Cincinnati Financial (NASDAQ:CINF) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also commented on the stock. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded up $7.58 during trading hours on Wednesday, reaching $134.63. The stock had a trading volume of 1,407,701 shares, compared to its average volume of 672,607. The stock’s 50 day moving average is $140.22 and its 200 day moving average is $142.76. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a twelve month low of $109.93 and a twelve month high of $161.75. The firm has a market capitalization of $21.08 billion, a PE ratio of 9.27, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities analysts expect that Cincinnati Financial will post 5.36 earnings per share for the current fiscal year.

Institutional Trading of Cincinnati Financial

Hedge funds have recently bought and sold shares of the business. Park National Corp OH grew its position in shares of Cincinnati Financial by 0.6% in the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock valued at $1,874,000 after purchasing an additional 72 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after buying an additional 78 shares during the last quarter. Tidal Investments LLC raised its position in shares of Cincinnati Financial by 1.4% during the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after buying an additional 80 shares during the period. Finally, Weaver Capital Management LLC lifted its holdings in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock valued at $599,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds 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.