Keefe, Bruyette & Woods Issues Pessimistic Forecast for Cincinnati Financial (NASDAQ:CINF) Stock Price

Cincinnati Financial (NASDAQ:CINF) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $201.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 7.15% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $197.00 to $193.00 in a report on Thursday, July 30th. Piper Sandler increased their price objective 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. Finally, Roth Capital raised their target price 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded down $2.10 during trading hours on Wednesday, reaching $177.32. 210,965 shares of the stock were exchanged, compared to its average volume of 787,256. 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 firm has a 50 day simple moving average of $175.21 and a 200-day simple moving average of $167.42. Cincinnati Financial has a 52 week low of $149.21 and a 52 week high of $194.81. The stock has a market capitalization of $27.21 billion, a P/E ratio of 8.37, a P/E/G ratio of 3.64 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $4.27 billion during 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 previous year, the business posted $1.97 EPS. As a group, sell-side analysts forecast that Cincinnati Financial will post 8.51 earnings per share for the current fiscal year.

Institutional Trading of Cincinnati Financial

Hedge funds have recently bought and sold shares of the company. BIP Wealth LLC boosted its stake in Cincinnati Financial by 1.6% during the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock valued at $720,000 after purchasing an additional 63 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Cincinnati Financial by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock valued at $2,616,000 after purchasing an additional 68 shares during the period. McAdam LLC raised its holdings in shares of Cincinnati Financial by 2.6% during the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after buying an additional 70 shares during the last quarter. Triton Financial Group Inc raised its holdings in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its position in shares of Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock worth $374,000 after buying an additional 77 shares during the period. 65.24% of the stock is currently owned by institutional investors.

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.