National Pension Service Purchases 3,551 Shares of Cincinnati Financial Corporation $CINF

Key Points

• The National Pension Service increased its holdings in Cincinnati Financial Corporation by 1.5% in the first quarter, owning approximately 234,307 shares valued at $34.6 million.
• Several other institutional investors, including Vanguard Group and Charles Schwab Investment Management, also boosted their positions in Cincinnati Financial, reflecting strong interest among hedge funds with 65.24% of shares held by institutional investors.
• Cincinnati Financial reported a 15.5% year-over-year revenue increase for the last quarter, with earnings per share of $1.97, which exceeds analysts' expectations.

National Pension Service raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,307 shares of the insurance provider's stock after purchasing an additional 3,551 shares during the quarter. National Pension Service owned approximately 0.15% of Cincinnati Financial worth $34,612,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CINF. Park National Corp OH grew its position in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after buying an additional 72 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Cincinnati Financial by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after acquiring an additional 91 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of 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 valued at $352,000 after acquiring an additional 94 shares during the last quarter. Finally, Brass Tax Wealth Management Inc. raised its position in Cincinnati Financial by 5.2% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Roth Capital lifted 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.40.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $1.30 during mid-day trading on Wednesday, reaching $153.68. The company had a trading volume of 227,359 shares, compared to its average volume of 689,848. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 7.43 and a beta of 0.70. The company's 50-day moving average price is $148.56 and its 200-day moving average price is $143.97. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $161.74.

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

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.