3,973 Shares in Cincinnati Financial Corporation $CINF Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the second quarter, HoldingsChannel.com reports. The firm acquired 3,973 shares of the insurance provider’s stock, valued at approximately $736,000.

Several other large investors have also recently added to or reduced their stakes in CINF. Bison Wealth LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cincinnati Financial by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after acquiring an additional 525 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after acquiring an additional 173,343 shares during the period. Federated Hermes Inc. bought a new stake in Cincinnati Financial in the 2nd quarter valued at about $101,000. Finally, Cerity Partners LLC lifted its position in Cincinnati Financial by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after purchasing an additional 4,674 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CINF has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Bank of America cut Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $197.00 to $193.00 in a report on Thursday, July 30th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a research report on Wednesday, July 15th. Roth Capital increased their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Piper Sandler raised their target price on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Stock Performance

Shares of CINF opened at $168.19 on Friday. The firm has a 50-day moving average price of $177.98 and a 200 day moving average price of $168.54. The firm has a market capitalization of $25.81 billion, a PE ratio of 7.93, a P/E/G ratio of 3.53 and a beta of 0.54. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $1.97 EPS. On average, sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Cincinnati Financial 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.