Strs Ohio Has $21.54 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Strs Ohio increased its stake in Cincinnati Financial by 41.1% in the fourth quarter, adding 38,407 shares to hold 131,890 shares worth $21.54 million (about 0.08% of the company).
• The company topped estimates in its most recent quarter with $2.10 EPS vs. $1.93 expected and $2.86 billion revenue vs. $2.61 billion expected, and analysts maintain a consensus Buy rating with a $178.75 price target.
• Institutional ownership is high at 65.24%, led by large holders like Vanguard and State Street, and the stock trades with a market cap of $25.07 billion and a P/E of 9.27.

Strs Ohio raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 41.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,890 shares of the insurance provider's stock after acquiring an additional 38,407 shares during the quarter. Strs Ohio owned about 0.08% of Cincinnati Financial worth $21,540,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Cincinnati Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider's stock valued at $3,221,579,000 after acquiring an additional 123,110 shares during the last quarter. State Street Corp lifted its stake in shares of Cincinnati Financial by 0.3% in the third quarter. State Street Corp now owns 8,542,265 shares of the insurance provider's stock worth $1,357,825,000 after buying an additional 26,475 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Cincinnati Financial by 4.2% in the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider's stock worth $299,553,000 after buying an additional 80,487 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cincinnati Financial by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,471,628 shares of the insurance provider's stock worth $232,643,000 after buying an additional 46,426 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Cincinnati Financial by 2.8% in the third quarter. Johnson Investment Counsel Inc. now owns 1,405,680 shares of the insurance provider's stock worth $222,238,000 after buying an additional 37,913 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Cincinnati Financial from a "buy (b)" rating to a "buy (a-)" rating in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Bank of America reduced their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Finally, Roth Mkm boosted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Buy" and a consensus price target of $178.75.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $162.05 on Monday. Cincinnati Financial Corporation has a 1 year low of $140.47 and a 1 year high of $174.27. The firm's fifty day simple moving average is $162.69 and its 200 day simple moving average is $162.55. The firm has a market capitalization of $25.07 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 3.52 and a beta of 0.59. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Cincinnati Financial's revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 8.59 EPS for the current year.

Cincinnati Financial Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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