California Public Employees Retirement System Acquires 6,527 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

California Public Employees Retirement System grew its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 559,675 shares of the insurance provider's stock after purchasing an additional 6,527 shares during the quarter. California Public Employees Retirement System owned about 0.36% of Cincinnati Financial worth $57,904,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Octavia Wealth Advisors LLC increased its position in shares of Cincinnati Financial by 0.9% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider's stock worth $1,160,000 after purchasing an additional 101 shares during the last quarter. Pinion Investment Advisors LLC increased its holdings in shares of Cincinnati Financial by 2.9% during the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider's stock worth $374,000 after acquiring an additional 101 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Cincinnati Financial by 3.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider's stock worth $365,000 after acquiring an additional 103 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Cincinnati Financial by 11.6% during the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider's stock worth $104,000 after acquiring an additional 104 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Cincinnati Financial by 2.0% during the 3rd quarter. Allworth Financial LP now owns 5,316 shares of the insurance provider's stock worth $544,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. BMO Capital Markets upgraded Cincinnati Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Piper Sandler restated a "neutral" rating and issued a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. Finally, Citigroup boosted their price target on Cincinnati Financial from $120.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of "Hold" and an average price target of $123.57.

Cincinnati Financial Price Performance

Shares of CINF stock traded down $7.56 on Friday, hitting $110.88. 2,184,544 shares of the company's stock were exchanged, compared to its average volume of 876,186. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The stock has a market cap of $17.37 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The company has a 50 day moving average of $117.71 and a 200 day moving average of $109.08.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Thursday, April 25th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.03. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The business had revenue of $2.94 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current year.

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.