CX Institutional Buys 31,548 Shares of Cincinnati Financial Corporation $CINF

CX Institutional boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1,405.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,792 shares of the insurance provider’s stock after buying an additional 31,548 shares during the quarter. CX Institutional’s holdings in Cincinnati Financial were worth $6,256,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Cincinnati Financial in the first quarter worth approximately $34,000. DV Equities LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at approximately $36,000. Legacy Wealth Managment LLC ID boosted its holdings in Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the last quarter. Finally, SHP Wealth Management acquired a new stake in Cincinnati Financial during the 4th quarter valued at approximately $44,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.8%

NASDAQ CINF opened at $179.42 on Wednesday. The stock has a market capitalization of $27.54 billion, a P/E ratio of 8.46, a P/E/G ratio of 3.64 and a beta of 0.54. The business has a 50 day simple moving average of $175.21 and a 200 day simple moving average of $167.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Corporation has a one year low of $149.21 and a one year high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period last year, the firm posted $1.97 earnings per share. Research analysts expect that Cincinnati Financial Corporation will post 8.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CINF. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Roth Capital lifted their target price 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. Finally, Piper Sandler boosted their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.60.

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.