ASR Vermogensbeheer N.V. Takes $421,000 Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• ASR Vermogensbeheer N.V. purchased a new position in Cincinnati Financial Corporation, acquiring 2,851 shares worth approximately $421,000 during the first quarter.
• Cincinnati Financial reported $1.97 earnings per share in their last quarterly earnings, exceeding analysts' expectations of $1.39, while their revenue for the quarter was $2.48 billion, below the anticipated $2.80 billion.
• Wall Street analysts have recently increased target prices for Cincinnati Financial, with Roth Capital raising it from $160.00 to $175.00 and maintaining a "buy" rating.

ASR Vermogensbeheer N.V. bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,851 shares of the insurance provider's stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fi3 FINANCIAL ADVISORS LLC bought a new position in Cincinnati Financial during the first quarter worth $180,000. Vanguard Group Inc. increased its position in Cincinnati Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock worth $2,844,419,000 after acquiring an additional 87,773 shares during the period. Atria Wealth Solutions Inc. increased its position in Cincinnati Financial by 30.9% during the first quarter. Atria Wealth Solutions Inc. now owns 1,997 shares of the insurance provider's stock worth $295,000 after acquiring an additional 471 shares during the period. Earned Wealth Advisors LLC bought a new position in Cincinnati Financial during the first quarter worth $256,000. Finally, Argent Trust Co increased its position in Cincinnati Financial by 26.2% during the first quarter. Argent Trust Co now owns 2,928 shares of the insurance provider's stock worth $433,000 after acquiring an additional 608 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 0.9%

CINF opened at $150.13 on Friday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The firm's fifty day moving average price is $148.30 and its two-hundred day moving average price is $143.32. The company has a market capitalization of $23.48 billion, a P/E ratio of 13.02, a P/E/G ratio of 7.44 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of research reports. Roth Capital boosted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $159.40.

Cincinnati Financial Profile

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.

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