Cincinnati Financial (NASDAQ:CINF) Price Target Raised to $182.00 at Keefe, Bruyette & Woods

Cincinnati Financial (NASDAQ:CINF) had its price target raised by Keefe, Bruyette & Woods from $180.00 to $182.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the insurance provider’s stock.

Several other analysts have also commented on the company. Piper Sandler raised their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $137.19 on Thursday. The company has a 50 day simple moving average of $142.47 and a two-hundred day simple moving average of $140.42. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 2.42 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial has a 12 month low of $109.93 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts predict that Cincinnati Financial will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is currently 23.97%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cincinnati Financial

Institutional investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Cincinnati Financial in the 3rd quarter valued at about $27,000. Finally, True Wealth Design LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

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.