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

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

A number of other equities research analysts also recently issued reports on CINF. Piper Sandler increased their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their target price 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Stock Up 2.6 %

Shares of NASDAQ:CINF opened at $137.19 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $21.45 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Cincinnati Financial has a 52 week low of $109.93 and a 52 week high of $161.74. The firm has a 50 day simple moving average of $142.47 and a 200 day simple moving average of $140.42.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. As a group, research analysts expect that Cincinnati Financial will post 6.33 earnings per share for the current year.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CINF. Norges Bank bought a new position in shares of Cincinnati Financial during the 4th quarter valued at $223,959,000. Charles Schwab Investment Management Inc. grew its stake in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after buying an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after buying an additional 329,435 shares during the last quarter. Geode Capital Management LLC grew its stake in Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after buying an additional 185,705 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after buying an additional 173,417 shares during the last quarter. 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.