UBS Group AG Has $123.01 Million Stock Position in Cincinnati Financial Corporation $CINF

Key Points

• UBS Group AG reduced its stake in Cincinnati Financial by 14.1% in Q4 and now owns 753,168 shares (0.48% of the company) valued at $123.01 million.
• Several large institutions increased holdings—Raymond James lifted its position 48.6% to 803,665 shares (~$119.7M), Goldman Sachs added 43.9% to 567,894 shares and Korea Investment raised its stake 210%—and institutional investors collectively own 65.24% of the stock.
• Analysts hold an overall "Buy" consensus with an average price target of $178.75, and Cincinnati recently beat quarterly estimates (EPS $2.10 vs. $1.93; revenue $2.86B vs. $2.61B), with revenue up 11.6% year‑over‑year.

UBS Group AG decreased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 753,168 shares of the insurance provider's stock after selling 123,663 shares during the period. UBS Group AG owned 0.48% of Cincinnati Financial worth $123,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CINF. Raymond James Financial Inc. lifted its position in Cincinnati Financial by 48.6% during the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider's stock worth $119,682,000 after buying an additional 262,715 shares in the last quarter. Korea Investment CORP lifted its position in Cincinnati Financial by 210.0% during the 3rd quarter. Korea Investment CORP now owns 294,423 shares of the insurance provider's stock worth $46,548,000 after buying an additional 199,437 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider's stock worth $83,889,000 after buying an additional 173,343 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Cincinnati Financial by 3,892.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 145,890 shares of the insurance provider's stock worth $23,065,000 after buying an additional 142,236 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Cincinnati Financial during the 3rd quarter worth about $22,243,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday. Bank of America dropped their price objective on Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating for the company in a report on Tuesday, April 14th. Wall Street Zen cut Cincinnati Financial from a "buy" rating to a "hold" rating in a report on Sunday, February 8th. Weiss Ratings raised Cincinnati Financial from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday, April 21st. Finally, Roth Mkm boosted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $178.75.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $162.05 on Friday. The stock has a market capitalization of $25.07 billion, a P/E ratio of 9.27, a P/E/G ratio of 3.62 and a beta of 0.59. Cincinnati Financial Corporation has a 1-year low of $140.47 and a 1-year high of $174.27. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $162.69 and a two-hundred day moving average price of $162.49.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. Equities analysts predict that Cincinnati Financial Corporation will post 8.45 earnings per share for the current year.

Cincinnati Financial Company 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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