Cincinnati Financial (NASDAQ:CINF) Trading Down 4.8%

Cincinnati Financial Co. (NASDAQ:CINF) shares dropped 4.8% during mid-day trading on Friday . The company traded as low as $112.16 and last traded at $112.70. Approximately 302,764 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 851,760 shares. The stock had previously closed at $118.44.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Citigroup upped their target price on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The stock’s fifty day moving average price is $117.73 and its 200-day moving average price is $109.02.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, April 25th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up 31.0% on a year-over-year basis. Equities research analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Cincinnati Financial

Several institutional investors and hedge funds have recently bought and sold shares of CINF. CWM LLC raised its position in shares of Cincinnati Financial by 10.0% in the third quarter. CWM LLC now owns 1,991 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 181 shares during the period. IFP Advisors Inc raised its holdings in Cincinnati Financial by 27.6% in the 3rd quarter. IFP Advisors Inc now owns 1,109 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 240 shares in the last quarter. Global Retirement Partners LLC lifted its position in Cincinnati Financial by 18.0% in the third quarter. Global Retirement Partners LLC now owns 1,519 shares of the insurance provider’s stock worth $153,000 after purchasing an additional 232 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at $51,000. Finally, Czech National Bank boosted its holdings in shares of Cincinnati Financial by 47.3% in the 3rd quarter. Czech National Bank now owns 27,416 shares of the insurance provider’s stock worth $2,804,000 after acquiring an additional 8,806 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Company Profile

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.