Searle & CO. Invests $1.42 Million in Cincinnati Financial Co. (NASDAQ:CINF)

Searle & CO. acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,717 shares of the insurance provider's stock, valued at approximately $1,419,000.

Several other large investors have also made changes to their positions in CINF. Criterion Capital Advisors LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth $27,000. BKM Wealth Management LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth $31,000. NBC Securities Inc. purchased a new stake in Cincinnati Financial during the third quarter worth $39,000. GoalVest Advisory LLC boosted its holdings in Cincinnati Financial by 122.9% during the fourth quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider's stock worth $40,000 after buying an additional 215 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Cincinnati Financial during the third quarter worth $51,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded up $1.61 during mid-day trading on Wednesday, reaching $117.30. The company's stock had a trading volume of 1,039,428 shares, compared to its average volume of 888,959. The stock has a 50-day moving average of $117.96 and a two-hundred day moving average of $109.42. The stock has a market capitalization of $18.36 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.44 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Cincinnati Financial's quarterly revenue was up 31.0% on a year-over-year basis. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, with a total value of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares of the company's stock, valued at approximately $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.83% of the stock is currently owned by insiders.

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.