147,846 Shares in Cincinnati Financial Corporation $CINF Acquired by NFJ Investment Group LLC

Key Points

• NFJ Investment Group acquired 147,846 shares of Cincinnati Financial during the second quarter, valued at approximately $27.4 million and representing about 0.10% of the company. Institutional investors collectively own 65.24% of CINF.
• Analysts maintain a generally positive outlook, with Cincinnati Financial holding a consensus rating of “Moderate Buy” and an average price target of $195.40. Recent targets range from $193 to $200, although Bank of America downgraded the stock to neutral.
• CINF opened at $168.19, below its 52-week high of $194.81, while its latest quarterly earnings of $1.43 per share missed estimates of $1.82. Analysts expect full-year earnings of approximately $8.31 per share.

NFJ Investment Group LLC bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 147,846 shares of the insurance provider's stock, valued at approximately $27,372,000. NFJ Investment Group LLC owned approximately 0.10% of Cincinnati Financial as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CINF. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider's stock worth $3,221,579,000 after purchasing an additional 123,110 shares during the last quarter. State Street Corp increased its holdings in Cincinnati Financial by 0.3% in the third quarter. State Street Corp now owns 8,542,265 shares of the insurance provider's stock valued at $1,357,825,000 after buying an additional 26,475 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cincinnati Financial by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,632,071 shares of the insurance provider's stock valued at $1,083,151,000 after buying an additional 97,761 shares in the last quarter. Geode Capital Management LLC raised its stake in Cincinnati Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider's stock valued at $671,265,000 after buying an additional 25,888 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Cincinnati Financial by 59.4% during the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider's stock worth $331,136,000 after acquiring an additional 784,584 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CINF. Weiss Ratings upgraded Cincinnati Financial from a "buy (a-)" rating to a "buy (a)" rating in a research note on Thursday, August 6th. Roth Capital increased their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Bank of America cut shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a report on Wednesday, July 15th. Finally, Piper Sandler lifted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. One equities research 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. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus price target of $195.40.

Cincinnati Financial Trading Down 0.2%

CINF opened at $168.19 on Friday. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 3.53 and a beta of 0.54. Cincinnati Financial Corporation has a 52 week low of $150.00 and a 52 week high of $194.81. The business's 50 day moving average is $177.98 and its two-hundred day moving average is $168.54. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 net margin of 23.84% and a return on equity of 9.63%. During the same period in the previous year, the company posted $1.97 earnings per share. On average, research analysts predict that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

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.

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