S Bank Fund Management Ltd Buys Shares of 3,220 Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• S Bank Fund Management Ltd acquired a new stake in Cincinnati Financial Corporation, purchasing 3,220 shares valued at approximately $476,000 in the first quarter.
• Several institutional investors and hedge funds, including Barclays PLC and Guggenheim Capital LLC, have increased their holdings in Cincinnati Financial, indicating strong institutional interest in the company.
• Cincinnati Financial reported a quarterly earnings per share (EPS) of $1.97, surpassing analysts' expectations, and has an average rating of "Moderate Buy" from research analysts.

S Bank Fund Management Ltd purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,220 shares of the insurance provider's stock, valued at approximately $476,000.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service grew its position in shares of Cincinnati Financial by 1.5% during the 1st quarter. National Pension Service now owns 234,307 shares of the insurance provider's stock worth $34,612,000 after purchasing an additional 3,551 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Cincinnati Financial by 23.5% during the 1st quarter. Russell Investments Group Ltd. now owns 200,029 shares of the insurance provider's stock worth $29,531,000 after purchasing an additional 38,086 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Cincinnati Financial by 7.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 61,307 shares of the insurance provider's stock worth $9,011,000 after purchasing an additional 4,137 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Cincinnati Financial by 2.9% during the 1st quarter. Public Sector Pension Investment Board now owns 41,770 shares of the insurance provider's stock worth $6,170,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Cincinnati Financial during the 1st quarter worth approximately $47,070,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded down $3.09 during trading hours on Friday, hitting $151.06. 760,775 shares of the stock were exchanged, compared to its average volume of 598,658. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $23.62 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 7.49 and a beta of 0.70. The company's fifty day simple moving average is $148.43 and its two-hundred day simple moving average is $143.79. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74.

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 (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates 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 for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of analyst reports. Roth Capital increased their target price on shares of 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 increased their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.