Russell Investments Group Ltd. Has $29.53 Million Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Russell Investments Group Ltd. increased its stake in Cincinnati Financial Corporation (CINF) by 23.5%, bringing their total shares to 200,029 valued at approximately $29.5 million.
• Several institutional investors also grew their positions in Cincinnati Financial, with Spire Wealth Management increasing its stake by 77.6%.
• Cincinnati Financial recently reported $1.97 EPS for the last quarter, surpassing expectations, although revenues fell short of analysts' predictions.

Russell Investments Group Ltd. raised its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 23.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,029 shares of the insurance provider's stock after purchasing an additional 38,086 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Cincinnati Financial worth $29,531,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Cincinnati Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock valued at $2,844,419,000 after purchasing an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after acquiring an additional 358,018 shares during the last quarter. Invesco Ltd. raised its position in shares of Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock worth $273,062,000 after acquiring an additional 40,222 shares during the last quarter. Northern Trust Corp raised its position in shares of Cincinnati Financial by 10.8% during the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after acquiring an additional 162,714 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Cincinnati Financial by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock worth $203,438,000 after acquiring an additional 34,810 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Down 0.4%

CINF stock traded down $0.69 during mid-day trading on Thursday, reaching $152.96. The company's stock had a trading volume of 384,234 shares, compared to its average volume of 622,671. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 7.52 and a beta of 0.70. The business's 50 day moving average price is $148.78 and its 200 day moving average price is $144.15. 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 Corporation has a 12 month low of $123.01 and a 12 month 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 for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. On average, equities research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CINF. Roth Capital raised their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $159.40.

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.