Cincinnati Financial price target raised to $153 from $146 at BMO Capital

BMO Capital analyst Michael Zaremski raised the firm’s price target on Cincinnati Financial (CINF) to $153 from $146 and keeps an Outperform rating on the shares. The firm raised its 2026 EPS estimates 4%, driven by investment income tailwinds due to the company’s Q3 announced sell-down of equities, improved margins in Commercial Lines and Personal Lines partially offset by worse margins in their Excess and Surplus business. BMO also estimated that following the California wildfires, the company has about $566M of coverage remaining on its current reinsurance tower, plus of course on re-instatement.