Cincinnati Financial (NASDAQ:CINF) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a hold rating to a buy rating in a report published on Saturday morning.

A number of other research analysts have also recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.33.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $160.89 on Friday. The stock has a market cap of $25.10 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s fifty day moving average is $163.58 and its 200 day moving average is $158.33. Cincinnati Financial has a one year low of $123.01 and a one year high of $169.86.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is 25.89%.

Institutional Investors Weigh In On Cincinnati Financial

A number of hedge funds have recently made changes to their positions in CINF. Oppenheimer & Co. Inc. increased its stake in Cincinnati Financial by 0.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock worth $2,357,000 after acquiring an additional 64 shares during the last quarter. Legacy Financial Strategies LLC grew its holdings in shares of Cincinnati Financial by 0.3% in the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after purchasing an additional 65 shares in the last quarter. State of Wyoming increased its position in Cincinnati Financial by 5.4% in the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock worth $208,000 after purchasing an additional 67 shares during the last quarter. Natural Investments LLC raised its stake in Cincinnati Financial by 2.1% during the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after purchasing an additional 70 shares in the last quarter. Finally, NewEdge Wealth LLC raised its stake in Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after purchasing an additional 75 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.