Cincinnati Financial Corporation (NASDAQ:CINF) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 46.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,986 shares of the insurance provider's stock after acquiring an additional 9,222 shares during the quarter. Cetera Investment Advisers' holdings in Cincinnati Financial were worth $4,282,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Spire Wealth Management grew its position in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial during the 1st quarter worth about $30,000. GoalVest Advisory LLC lifted its holdings in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 102 shares during the period. Whipplewood Advisors LLC raised its position in shares of Cincinnati Financial by 333.3% during the 1st 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. Finally, Capital Advisors Ltd. LLC boosted its stake in Cincinnati Financial by 5,000.0% during the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock worth $38,000 after buying an additional 250 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CINF. Roth Capital boosted 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. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.40.

Cincinnati Financial Stock Down 1.8%

Shares of NASDAQ:CINF traded down $2.75 during trading on Thursday, hitting $151.30. The company's stock had a trading volume of 256,815 shares, compared to its average volume of 701,432. The business has a 50 day moving average price of $148.27 and a two-hundred day moving average price of $143.14. The company has a market capitalization of $23.66 billion, a PE ratio of 13.15, a P/E/G ratio of 7.61 and a beta of 0.70. 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 quick ratio of 0.29 and a current ratio of 0.29.

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, beating 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 firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Company 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.