Cincinnati Financial Co. (NASDAQ:CINF) Position Lifted by Spearhead Capital Advisors LLC


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Spearhead Capital Advisors LLC raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 27.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,110 shares of the insurance provider’s stock after acquiring an additional 18,635 shares during the quarter. Cincinnati Financial makes up 1.3% of Spearhead Capital Advisors LLC’s portfolio, making the stock its 22nd biggest position. Spearhead Capital Advisors LLC’s holdings in Cincinnati Financial were worth $8,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Clarius Group LLC bought a new position in shares of Cincinnati Financial in the 4th quarter worth about $206,000. ING Groep NV lifted its position in shares of Cincinnati Financial by 199.8% in the 4th quarter. ING Groep NV now owns 9,925 shares of the insurance provider’s stock worth $867,000 after buying an additional 6,614 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Cincinnati Financial by 183.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 129,736 shares of the insurance provider’s stock worth $13,375,000 after buying an additional 84,029 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cincinnati Financial by 10.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,372 shares of the insurance provider’s stock worth $3,615,000 after buying an additional 3,773 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Cincinnati Financial by 122.6% in the 3rd quarter. Sei Investments Co. now owns 138,448 shares of the insurance provider’s stock worth $10,775,000 after buying an additional 76,241 shares during the last quarter. Hedge funds and other institutional investors own 65.26% of the company’s stock.

A number of research analysts have recently issued reports on CINF shares. MKM Partners raised their price target on shares of Cincinnati Financial from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, March 18th. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Thursday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cincinnati Financial from $88.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Cincinnati Financial from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Cincinnati Financial presently has a consensus rating of “Hold” and a consensus target price of $99.40.

Cincinnati Financial stock traded up $1.10 during trading hours on Tuesday, hitting $116.00. 2,239 shares of the company traded hands, compared to its average volume of 865,543. The firm has a market cap of $18.69 billion, a P/E ratio of 23.69 and a beta of 0.59. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $106.81 and its two-hundred day simple moving average is $91.23. Cincinnati Financial Co. has a 1-year low of $46.07 and a 1-year high of $115.43.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, April 28th. The insurance provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.32. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $1.68 billion. The firm’s quarterly revenue was down 2349.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. On average, equities research analysts predict that Cincinnati Financial Co. will post 2.81 earnings per share for the current year.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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