Csenge Advisory Group Invests $616,000 in Cincinnati Financial Corporation $CINF

Csenge Advisory Group bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,330 shares of the insurance provider’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BIP Wealth LLC boosted its position in shares of Cincinnati Financial by 1.6% in the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock valued at $720,000 after purchasing an additional 63 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Cincinnati Financial by 0.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock worth $2,616,000 after buying an additional 68 shares during the period. McAdam LLC lifted its stake in Cincinnati Financial by 2.6% during the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after buying an additional 70 shares in the last quarter. Triton Financial Group Inc lifted its stake in Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in shares of Cincinnati Financial by 3.5% in the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock worth $374,000 after buying an additional 77 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 0.2%

NASDAQ:CINF opened at $168.19 on Friday. The stock has a market cap of $25.81 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 3.53 and a beta of 0.54. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50-day moving average is $177.98 and its two-hundred day moving average is $168.54.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period last year, the company earned $1.97 earnings per share. As a group, equities research analysts forecast that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CINF shares. Piper Sandler lifted their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Roth Capital raised their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Company 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.