Earned Wealth Advisors LLC Makes New Investment in Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• Earned Wealth Advisors LLC acquired a new stake in Cincinnati Financial Corporation, purchasing 1,735 shares valued at approximately $256,000.
• Several institutional investors, including Northern Trust Corp and UBS Asset Management, have significantly increased their holdings in Cincinnati Financial during the last quarter.
• Cincinnati Financial posted a strong quarterly earnings report, with an EPS of $1.97, exceeding analyst expectations of $1.39, while revenue increased by 15.5% year-over-year.

Earned Wealth Advisors LLC purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,735 shares of the insurance provider's stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp increased its holdings in Cincinnati Financial by 10.8% in the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after buying an additional 162,714 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cincinnati Financial by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock worth $203,438,000 after acquiring an additional 34,810 shares during the period. Johnson Investment Counsel Inc. grew its holdings in shares of Cincinnati Financial by 4.2% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider's stock worth $205,061,000 after acquiring an additional 55,487 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cincinnati Financial by 20.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,099,439 shares of the insurance provider's stock valued at $157,989,000 after purchasing an additional 189,430 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Cincinnati Financial by 26.7% during the fourth quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock worth $140,910,000 after purchasing an additional 206,693 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CINF. Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $159.20.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $146.19 on Monday. 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 Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $161.74. The stock has a fifty day moving average of $148.04 and a two-hundred day moving average of $142.94. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 7.39 and a beta of 0.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The firm had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter last year, the business posted $1.29 EPS. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.