Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 691.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,331 shares of the insurance provider's stock after purchasing an additional 15,140 shares during the period. Cincinnati Financial makes up approximately 0.3% of HHM Wealth Advisors LLC's investment portfolio, making the stock its 29th largest position. HHM Wealth Advisors LLC's holdings in Cincinnati Financial were worth $1,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Octavia Wealth Advisors LLC boosted its position in Cincinnati Financial by 0.9% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider's stock valued at $1,160,000 after buying an additional 101 shares during the period. Pinion Investment Advisors LLC lifted its position 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 purchasing an additional 101 shares during the last quarter. Belpointe Asset Management LLC lifted its position 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 purchasing an additional 103 shares during the last quarter. UMB Bank n.a. lifted its position 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 purchasing an additional 104 shares during the last quarter. Finally, Allworth Financial LP lifted its position 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 purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Piper Sandler reiterated a "neutral" rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. BMO Capital Markets upgraded shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. TheStreet upgraded shares of Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $123.57.

Cincinnati Financial Stock Performance

NASDAQ CINF traded down $7.56 during trading on Friday, reaching $110.88. The company's stock had a trading volume of 2,184,563 shares, compared to its average volume of 567,488. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $17.37 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 2.24 and a beta of 0.63. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The business's fifty day moving average price is $117.71 and its 200-day moving average price is $109.18.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. Cincinnati Financial's quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

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.