Fox Run Management L.L.C. Buys 3,990 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• Fox Run Management L.L.C. has increased its stake in Cincinnati Financial Corporation by 76.7%, owning a total of 9,189 shares worth approximately $1.36 million.
• Other institutional investors, including Vanguard Group and Charles Schwab, have also increased their stakes, with institutional ownership now at 65.24% of the stock.
• Cincinnati Financial reported earnings of $1.97 per share for the last quarter, surpassing analyst expectations and achieving a 15.5% year-over-year revenue growth.

Fox Run Management L.L.C. grew its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 76.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,189 shares of the insurance provider's stock after acquiring an additional 3,990 shares during the period. Fox Run Management L.L.C.'s holdings in Cincinnati Financial were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Cincinnati Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock worth $2,844,419,000 after acquiring an additional 87,773 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cincinnati Financial by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after acquiring an additional 358,018 shares in the last quarter. Invesco Ltd. grew its stake in Cincinnati Financial by 2.2% in the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock worth $273,062,000 after acquiring an additional 40,222 shares in the last quarter. GQG Partners LLC bought a new position in Cincinnati Financial in the 1st quarter worth about $270,005,000. Finally, Northern Trust Corp grew its stake in Cincinnati Financial by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after acquiring an additional 162,714 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $154.15 on Friday. The company has a 50 day moving average price of $148.43 and a 200-day moving average price of $143.67. 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 market capitalization of $24.11 billion, a PE ratio of 13.37, a PEG ratio of 7.64 and a beta of 0.70. 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 posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. Cincinnati Financial's revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. Equities analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CINF. Roth Capital upped their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two investment 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $159.40.

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.

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