News

Fintel reports that on June 28, 2024, Citigroup upgraded their outlook for Cincinnati Financial (NasdaqGS:CINF) from Neutral to Buy.

Analyst Price Forecast Suggests 13.27% Upside

As of June 12, 2024, the average one-year price target for Cincinnati Financial is 132.16. The forecasts range from a low of 117.16 to a high of $150.15. The average price target represents an increase of 13.27% from its latest reported closing price of 116.68.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Cincinnati Financial is 9,405MM, a decrease of 12.16%. The projected annual non-GAAP EPS is 5.82.

What is the Fund Sentiment?

There are 1,329 funds or institutions reporting positions in Cincinnati Financial. This is an increase of 23 owner(s) or 1.76% in the last quarter. Average portfolio weight of all funds dedicated to CINF is 0.15%, an increase of 8.98%. Total shares owned by institutions decreased in the last three months by 1.02% to 108,914K shares.

The put/call ratio of CINF is 0.99, indicating a bullish outlook.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,928K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 4,916K shares , representing an increase of 0.26%. The firm increased its portfolio allocation in CINF by 9.70% over the last quarter.

Charles Schwab Investment Management holds 4,507K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 909K shares , representing an increase of 79.83%. The firm increased its portfolio allocation in CINF by 441.01% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,956K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 3,836K shares , representing an increase of 3.05%. The firm increased its portfolio allocation in CINF by 9.14% over the last quarter.

Geode Capital Management holds 3,661K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 3,544K shares , representing an increase of 3.18%. The firm increased its portfolio allocation in CINF by 9.58% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,409K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 3,515K shares , representing a decrease of 3.12%. The firm increased its portfolio allocation in CINF by 8.66% over the last quarter.

Cincinnati Financial Background Information
(This description is provided by the company.)

Cincinnati Financial Corporation offers primarily business, home and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies. The same local independent insurance agencies that market those policies may offer products of its other subsidiaries, including life insurance, fixed annuities and surplus lines property and casualty insurance.

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This story originally appeared on Fintel.

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