Cincinnati Financial (NASDAQ:CINF) Shares Down 4.8%

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

Analyst Ratings Changes

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

Cincinnati Financial Price Performance

The company has a market cap of $17.37 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 2.39 and a beta of 0.63. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $109.13.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth about $179,305,000. Los Angeles Capital Management LLC raised its stake in Cincinnati Financial by 554.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after purchasing an additional 939,861 shares in the last quarter. AQR Capital Management LLC raised its stake in Cincinnati Financial by 1,870.3% in the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after purchasing an additional 260,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Cincinnati Financial in the 4th quarter worth about $21,036,000. Finally, London Co. of Virginia raised its stake in Cincinnati Financial by 7.8% in the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after purchasing an additional 200,414 shares in the last quarter. Institutional investors and hedge funds 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.