Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Cincinnati Financial Corporation by 15.1%, acquiring an additional 15,725 shares valued at approximately $17.7 million.
• Analysts have shown increased confidence in CINF, with Keefe, Bruyette & Woods raising the price target from $150 to $167 and Roth Capital increasing it to $175.
• Cincinnati Financial reported an EPS of $1.97 for its latest quarter, surpassing expectations and reflecting a 15.5% increase in quarterly revenue year-over-year.

Natixis Advisors LLC boosted its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 15.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 119,787 shares of the insurance provider's stock after purchasing an additional 15,725 shares during the period. Natixis Advisors LLC owned about 0.08% of Cincinnati Financial worth $17,695,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CINF. Spire Wealth Management increased its stake in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Cincinnati Financial in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new position in Cincinnati Financial in the first quarter worth about $30,000. Capital Advisors Ltd. LLC increased its position in Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares in the last quarter. Finally, GoalVest Advisory LLC boosted its holdings in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 102 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Trading Down 1.7%

Cincinnati Financial stock traded down $2.58 during trading hours on Thursday, hitting $151.47. The stock had a trading volume of 527,233 shares, compared to its average volume of 701,972. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $161.74. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business's 50 day simple moving average is $148.27 and its 200-day simple moving average is $143.14. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 7.61 and a beta of 0.70.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping 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 net margin of 15.59% and a return on equity of 7.14%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. On average, equities analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Analyst Ratings Changes

CINF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday. Roth Capital boosted their price target 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. Finally, Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price 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.