Klein Pavlis & Peasley Financial Inc. Acquires New Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• Klein Pavlis & Peasley Financial Inc. has acquired a new stake of 6,137 shares in Cincinnati Financial Corporation, valued at approximately $905,000.
• Cincinnati Financial Corporation reported a Q2 earnings per share of $1.97, surpassing estimates by $0.58, while revenues reached $2.48 billion, lower than analyst expectations.
• Recent analyst ratings indicate a consensus of "Moderate Buy" for Cincinnati Financial, with a target price set at $159.20.

Klein Pavlis & Peasley Financial Inc. acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,137 shares of the insurance provider's stock, valued at approximately $905,000.

A number of other institutional investors have also made changes to their positions in CINF. M&T Bank Corp increased its position in Cincinnati Financial by 12.7% in the 1st quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock worth $1,161,000 after buying an additional 887 shares during the period. CWA Asset Management Group LLC increased its position in Cincinnati Financial by 4.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares during the period. OLD Republic International Corp increased its position in Cincinnati Financial by 1.0% in the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock worth $58,955,000 after buying an additional 4,000 shares during the period. Merit Financial Group LLC increased its position in Cincinnati Financial by 88.4% in the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock worth $1,189,000 after buying an additional 3,776 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Cincinnati Financial by 8.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock worth $9,654,000 after buying an additional 5,159 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $146.19 on Friday. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The firm has a market capitalization of $22.86 billion, a PE ratio of 12.68, a PEG ratio of 7.46 and a beta of 0.76. The business's 50 day moving average is $148.04 and its 200-day moving average is $142.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

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, topping the consensus estimate of $1.39 by $0.58. The company 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%. Cincinnati Financial's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS. Sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Analyst Ratings Changes

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

Cincinnati Financial 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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