Roth Mkm Boosts Cincinnati Financial (NASDAQ:CINF) Price Target to $160.00

Cincinnati Financial (NASDAQ:CINF) had its price target hoisted by investment analysts at Roth Mkm from $140.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s target price indicates a potential upside of 16.63% from the stock’s previous close.

Several other analysts have also issued reports on CINF. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $137.19 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $21.45 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 2.42 and a beta of 0.71. The company’s fifty day moving average is $142.47 and its two-hundred day moving average is $140.42. Cincinnati Financial has a 52-week low of $109.93 and a 52-week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Equities research analysts forecast that Cincinnati Financial will post 6.33 EPS for the current year.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The shares were purchased 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 in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.83% of the company’s stock.

Hedge Funds Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in Cincinnati Financial by 9.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 148,041 shares of the insurance provider’s stock valued at $21,264,000 after buying an additional 13,107 shares in the last quarter. Zacks Investment Management lifted its position in shares of Cincinnati Financial by 19.2% during the fourth quarter. Zacks Investment Management now owns 36,194 shares of the insurance provider’s stock worth $5,201,000 after purchasing an additional 5,840 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Cincinnati Financial by 3.4% during the fourth quarter. NewEdge Advisors LLC now owns 20,424 shares of the insurance provider’s stock worth $2,935,000 after purchasing an additional 681 shares in the last quarter. Verisail Partners LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter worth approximately $241,000. Finally, Regal Investment Advisors LLC lifted its position in shares of Cincinnati Financial by 105.9% during the fourth quarter. Regal Investment Advisors LLC now owns 43,817 shares of the insurance provider’s stock worth $6,297,000 after purchasing an additional 22,534 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

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.