Arkadios Wealth Advisors Makes New $352,000 Investment in Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• Arkadios Wealth Advisors purchased 2,382 shares of Cincinnati Financial Corporation for approximately $352,000 during the first quarter of the year.
• Other institutional investors have also increased their stakes, including GAMMA Investing LLC, which raised its stake by 15,698.7%, now holding 816,005 shares valued at around $120.54 million.
• Cincinnati Financial reported earnings of $1.97 per share for the latest quarter, significantly surpassing analysts' expectations of $1.39, with revenue of $2.48 billion.

Arkadios Wealth Advisors purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,382 shares of the insurance provider's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management raised its stake in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cincinnati Financial in the first quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Cincinnati Financial in the first quarter worth approximately $30,000. GoalVest Advisory LLC raised its stake in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after purchasing an additional 102 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

CINF traded down $1.34 during trading hours on Friday, hitting $150.13. The stock had a trading volume of 510,570 shares, compared to its average volume of 620,386. The company's fifty day simple moving average is $148.30 and its 200 day simple moving average is $143.28. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The stock has a market cap of $23.48 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 7.51 and a beta of 0.70. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The business's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CINF. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Roth Capital increased their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus target price of $159.40.

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.