BidaskClub Upgrades Cincinnati Financial (NASDAQ:CINF) to “Buy”

Cincinnati Financial (NASDAQ:CINF) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other research analysts have also issued reports on the company. Credit Suisse Group lowered Advanced Disposal Services from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $29.00 to $33.00 in a research report on Friday, May 17th. Zacks Investment Research upgraded Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, MKM Partners boosted their target price on Warrior Met Coal to $38.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $101.75.

NASDAQ CINF traded down $0.26 during trading hours on Tuesday, hitting $106.81. 670,038 shares of the company were exchanged, compared to its average volume of 708,707. The stock has a 50-day moving average price of $103.09. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10. Cincinnati Financial has a 52 week low of $69.05 and a 52 week high of $108.50. The stock has a market capitalization of $17.53 billion, a PE ratio of 31.88 and a beta of 0.67.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.11. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 76.4% compared to the same quarter last year. As a group, analysts expect that Cincinnati Financial will post 3.55 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG boosted its holdings in shares of Cincinnati Financial by 18.4% in the fourth quarter. Deutsche Bank AG now owns 336,004 shares of the insurance provider’s stock valued at $26,009,000 after purchasing an additional 52,224 shares during the period. MUFG Securities EMEA plc boosted its holdings in shares of Cincinnati Financial by 721.8% in the fourth quarter. MUFG Securities EMEA plc now owns 33,700 shares of the insurance provider’s stock valued at $2,609,000 after purchasing an additional 29,599 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Cincinnati Financial by 145.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,564 shares of the insurance provider’s stock valued at $3,399,000 after purchasing an additional 23,418 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $126,000. Finally, WealthPLAN Partners LLC boosted its holdings in shares of Cincinnati Financial by 18.1% in the fourth quarter. WealthPLAN Partners LLC now owns 57,672 shares of the insurance provider’s stock valued at $4,929,000 after purchasing an additional 8,845 shares during the period. Hedge funds and other institutional investors own 63.18% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Further Reading: What is Net Asset Value (NAV)?

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