Roth Mkm Forecasts Strong Price Appreciation for Cincinnati Financial (NASDAQ:CINF) Stock

Cincinnati Financial (NASDAQ:CINF) had its price objective increased by stock analysts at Roth Mkm from $140.00 to $160.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the insurance provider’s stock. Roth Mkm’s price objective would indicate a potential upside of 20.76% from the stock’s previous close.

A number of other equities research analysts have also issued reports on CINF. Piper Sandler lifted 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. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $146.67.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded down $6.94 during midday trading on Wednesday, reaching $132.50. The company’s stock had a trading volume of 241,889 shares, compared to its average volume of 713,338. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Cincinnati Financial has a one year low of $107.75 and a one year high of $161.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $142.92 and a 200 day moving average price of $140.47.

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

Insider Activity

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

Institutional Investors Weigh In On Cincinnati Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $28,000. Y.D. More Investments Ltd boosted its stake in Cincinnati Financial by 121.8% in 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 period. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial during the third quarter valued at approximately $27,000. Finally, True Wealth Design LLC bought a new position in Cincinnati Financial in the third quarter valued at approximately $42,000. Institutional investors 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.