Dimensional Fund Advisors LP Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Cincinnati Financial Corporation by 0.8%, owning approximately 1,404,081 shares worth $207.38 million as of its latest SEC filing.
• Cincinnati Financial reported a quarterly earnings per share of $1.97, exceeding analysts' expectations, though its revenue of $2.48 billion fell short of forecasts.
• Recent analyst reports upgraded the company's target price, with Roth Capital raising it from $160.00 to $175.00 and maintaining a "buy" rating.

Dimensional Fund Advisors LP reduced its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,404,081 shares of the insurance provider's stock after selling 11,661 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.90% of Cincinnati Financial worth $207,380,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Spire Wealth Management lifted its stake 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 purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Cincinnati Financial during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new position in Cincinnati Financial during the 1st quarter valued at about $30,000. Capital Advisors Ltd. LLC increased its position in Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares in the last quarter. Finally, 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 buying an additional 102 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 0.8%

Shares of CINF stock opened at $149.79 on Tuesday. The stock's 50-day simple moving average is $148.45 and its 200-day simple moving average is $143.91. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $23.42 billion, a PE ratio of 12.99, a P/E/G ratio of 7.49 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.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The company's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. Equities analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $159.40.

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.

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