Vestmark Advisory Solutions Inc. Has $4.48 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Cincinnati Financial Corporation by 102.9% during the first quarter, acquiring an additional 15,376 shares, bringing their total to 30,318 shares valued at approximately $4.48 million.
• Cincinnati Financial's latest earnings report indicated an EPS of $1.97 for the quarter, exceeding analysts' estimates of $1.39, and the company experienced a 15.5% year-over-year revenue growth.
• Research analysts have mostly rated Cincinnati Financial as a "Moderate Buy," with an average target price of $159.40 and recent upgrades from firms like Roth Capital and Keefe, Bruyette & Woods.

Vestmark Advisory Solutions Inc. increased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 102.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,318 shares of the insurance provider's stock after acquiring an additional 15,376 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Cincinnati Financial were worth $4,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Park National Corp OH boosted its position in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after purchasing an additional 72 shares during the period. Spire Wealth Management boosted its holdings in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Cincinnati Financial by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after buying an additional 91 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Cincinnati Financial by 4.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after acquiring an additional 94 shares during the period. Finally, Brass Tax Wealth Management Inc. raised its holdings in Cincinnati Financial by 5.2% in the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after acquiring an additional 94 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised 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, August 5th. Roth Capital increased their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Price Performance

CINF traded up $1.2870 during midday trading on Wednesday, reaching $153.6670. 259,474 shares of the company's stock were exchanged, compared to its average volume of 689,914. The business has a 50-day simple moving average of $148.56 and a two-hundred day simple moving average of $143.97. 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 Corporation has a one year low of $123.01 and a one year high of $161.74. The firm has a market capitalization of $24.03 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 7.43 and a beta of 0.70.

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

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.