Jupiter Asset Management Ltd. Invests $1.12 Million in Cincinnati Financial Corporation (NASDAQ:CINF)

Jupiter Asset Management Ltd. acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,547 shares of the insurance provider's stock, valued at approximately $1,115,000.

Several other hedge funds have also modified their holdings of CINF. Spire Wealth Management raised its stake in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Cincinnati Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Cincinnati Financial in the first quarter valued at $30,000. GoalVest Advisory LLC raised its stake in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 102 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Roth Capital raised their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $159.20.

Cincinnati Financial Stock Up 2.4%

Cincinnati Financial stock opened at $149.74 on Tuesday. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $23.42 billion, a PE ratio of 12.99, a P/E/G ratio of 7.39 and a beta of 0.70. The stock's fifty day moving average is $148.12 and its two-hundred day moving average is $143.01.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. Cincinnati Financial's quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. On average, sell-side analysts expect 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.

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