California State Teachers Retirement System Cuts Position in Cincinnati Financial Corporation $CINF

California State Teachers Retirement System trimmed its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,601 shares of the insurance provider’s stock after selling 3,436 shares during the period. California State Teachers Retirement System owned about 0.13% of Cincinnati Financial worth $32,509,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CINF. Lodestone Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the 1st quarter valued at $34,000. DV Equities LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth $36,000. Finally, Legacy Wealth Managment LLC ID boosted its position in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CINF. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $201.00 price objective (up from $191.00) on shares of Cincinnati Financial in a research report on Wednesday, July 8th. Bank of America downgraded Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $197.00 to $193.00 in a research report on Thursday. Roth Capital raised their target price on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Finally, Piper Sandler upped their price target on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $197.60.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $177.68 on Friday. Cincinnati Financial Corporation has a 12-month low of $143.87 and a 12-month high of $194.81. The company has a market capitalization of $27.27 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 3.65 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.28. The firm’s fifty day moving average price is $174.77 and its 200 day moving average price is $167.16.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same quarter in the prior year, the firm earned $1.97 EPS. On average, research analysts forecast that Cincinnati Financial Corporation will post 8.59 EPS for the current fiscal year.

About Cincinnati Financial

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.