Danske Bank A S Raises Stock Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Danske Bank A/S raised its stake in Cincinnati Financial by 5.8% in Q4 to 148,889 shares (about $24.3 million), and institutional investors now own roughly 65.24% of the company.
• Cincinnati Financial beat expectations with quarterly EPS of $2.10 versus $1.93 and revenue of $2.86B (up 11.6% YoY), trading near $162 with a market cap of $25.07B and a P/E of 9.27.
• Wall Street sentiment is generally positive with a consensus "Buy" rating and an average price target of $178.75, though individual analyst ratings and targets vary.

Danske Bank A S raised its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,889 shares of the insurance provider's stock after buying an additional 8,200 shares during the quarter. Danske Bank A S owned approximately 0.10% of Cincinnati Financial worth $24,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider's stock valued at $2,357,000 after buying an additional 64 shares during the last quarter. Legacy Financial Strategies LLC raised its stake in shares of Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider's stock worth $3,576,000 after purchasing an additional 65 shares during the last quarter. State of Wyoming raised its stake in shares of Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider's stock worth $208,000 after purchasing an additional 67 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider's stock worth $2,455,000 after purchasing an additional 75 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in shares of Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider's stock worth $303,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CINF. Wall Street Zen cut Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings upgraded Cincinnati Financial from a "buy (b)" rating to a "buy (a-)" rating in a research note on Tuesday, April 21st. Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Roth Mkm upped their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $178.75.

Cincinnati Financial Trading Down 0.9%

Shares of CINF stock opened at $162.05 on Friday. The business's fifty day moving average price is $162.69 and its 200 day moving average price is $162.52. Cincinnati Financial Corporation has a 1-year low of $140.47 and a 1-year high of $174.27. The firm has a market capitalization of $25.07 billion, a PE ratio of 9.27, a P/E/G ratio of 3.58 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Cincinnati Financial's quarterly revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cincinnati Financial Corporation will post 8.59 EPS for the current fiscal year.

Cincinnati Financial Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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