Haverford Trust Co Takes $1.18 Million Position in Cincinnati Financial Corporation $CINF

Key Points

• Haverford Trust Co. acquired 6,352 shares of Cincinnati Financial in the second quarter, valued at approximately $1.18 million. Institutional investors collectively own 65.24% of the company.
• Analysts maintain a generally positive outlook, with Cincinnati Financial holding a consensus rating of “Moderate Buy” and an average price target of $195.40; recent targets range from $193 to $200.
• Cincinnati Financial reported quarterly EPS of $1.43, missing the $1.82 consensus estimate, while revenue reached $4.27 billion. The stock recently traded at $168.29, below its 52-week high of $194.81.

Haverford Trust Co acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,352 shares of the insurance provider's stock, valued at approximately $1,176,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bison Wealth LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at about $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider's stock worth $2,823,000 after purchasing an additional 525 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Cincinnati Financial by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider's stock worth $83,889,000 after purchasing an additional 173,343 shares during the period. Federated Hermes Inc. bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $101,000. Finally, Cerity Partners LLC lifted its holdings in shares of Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider's stock valued at $7,115,000 after purchasing an additional 4,674 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CINF shares. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a research note on Wednesday, July 15th. Bank of America lowered shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and cut their price target for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Roth Capital boosted their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus target price of $195.40.

Cincinnati Financial Trading Up 0.1%

NASDAQ CINF opened at $168.29 on Friday. Cincinnati Financial Corporation has a 52 week low of $150.00 and a 52 week high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. The stock's 50 day moving average price is $177.96 and its two-hundred day moving average price is $168.54. The stock has a market capitalization of $25.83 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.52 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the business earned $1.97 earnings per share. As a group, analysts anticipate that Cincinnati Financial Corporation will post 8.31 earnings per share 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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