Keefe, Bruyette & Woods Cuts Cincinnati Financial (NASDAQ:CINF) Price Target to $148.00

Cincinnati Financial (NASDAQ:CINF) had its price target cut by Keefe, Bruyette & Woods from $182.00 to $148.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Separately, Roth Mkm raised their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Trading Down 0.4 %

NASDAQ:CINF opened at $131.09 on Wednesday. The stock has a fifty day simple moving average of $140.02 and a 200 day simple moving average of $142.70. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial has a 1-year low of $109.93 and a 1-year high of $161.75.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is currently 23.97%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial in the fourth quarter worth $27,000. Y.D. More Investments Ltd boosted its stake 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 acquiring an additional 106 shares in the last quarter. GoalVest Advisory LLC increased its holdings in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 102 shares during the last quarter. Whipplewood Advisors LLC raised its stake in shares of Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Finally, Quarry LP acquired a new stake in Cincinnati Financial in the 3rd quarter worth approximately $43,000. 65.24% of the stock is 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.