Crew Capital Management Ltd. Has $676,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Crew Capital Management Ltd. trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,535 shares of the insurance provider’s stock after selling 940 shares during the quarter. Crew Capital Management Ltd.’s holdings in Cincinnati Financial were worth $676,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in Cincinnati Financial by 11.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 24,522 shares of the insurance provider’s stock worth $2,508,000 after purchasing an additional 2,550 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Cincinnati Financial in the fourth quarter worth $21,036,000. abrdn plc grew its holdings in Cincinnati Financial by 18.9% in the third quarter. abrdn plc now owns 46,897 shares of the insurance provider’s stock worth $4,797,000 after purchasing an additional 7,450 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cincinnati Financial by 92.6% in the third quarter. The Manufacturers Life Insurance Company now owns 236,410 shares of the insurance provider’s stock worth $24,182,000 after purchasing an additional 113,653 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Cincinnati Financial by 163.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 63,647 shares of the insurance provider’s stock valued at $6,510,000 after buying an additional 39,464 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

CINF stock traded up $2.67 during mid-day trading on Monday, hitting $113.55. The company had a trading volume of 1,372,447 shares, compared to its average volume of 882,237. The firm has a market cap of $17.78 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The stock’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $109.18.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.69 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 earnings per share. On average, analysts forecast that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Citigroup lifted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Finally, BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $123.57.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.