Cincinnati Financial Corporation $CINF Shares Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC increased its stake in Cincinnati Financial Corporation by 15.9%, acquiring an additional 13,082 shares, bringing its total to 95,179 shares valued at approximately $14 million.
• Several institutional investors, including Spire Wealth Management and Capital Advisors Ltd. LLC, also significantly boosted their holdings in Cincinnati Financial during the first quarter, demonstrating growing interest from hedge funds.
• Cincinnati Financial recently reported earnings of $1.97 per share, exceeding analyst expectations, and achieved a revenue of $2.48 billion, although this was below expected estimates of $2.80 billion.

Brandywine Global Investment Management LLC raised its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 15.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 95,179 shares of the insurance provider's stock after purchasing an additional 13,082 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Cincinnati Financial worth $14,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CINF. Spire Wealth Management increased its position in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in Cincinnati Financial during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial during the 1st quarter valued at about $30,000. GoalVest Advisory LLC increased its position in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 102 shares during the period. Finally, Whipplewood Advisors LLC grew its position in shares of Cincinnati Financial by 333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded up $2.59 during trading hours on Tuesday, hitting $152.38. 542,880 shares of the company were exchanged, compared to its average volume of 692,846. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 7.49 and a beta of 0.70. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-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 company's 50 day moving average price is $148.56 and its 200-day moving average price is $143.97.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital lifted their price objective 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.