Mercer Global Advisors Inc. ADV Buys 9,036 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,195 shares of the insurance provider's stock after buying an additional 9,036 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.05% of Cincinnati Financial worth $11,380,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oak Thistle LLC raised its position in shares of Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at about $546,000. JPMorgan Chase & Co. lifted its stake in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after buying an additional 147,542 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock worth $26,019,000 after buying an additional 5,097 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after acquiring an additional 2,383 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Shares of CINF opened at $143.58 on Friday. The firm has a market cap of $22.44 billion, a PE ratio of 9.89, a P/E/G ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $139.48 and a two-hundred day simple moving average of $142.57.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial 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.

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