Northern Trust Corp Raises Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Northern Trust Corp increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,672,210 shares of the insurance provider's stock after buying an additional 162,714 shares during the period. Northern Trust Corp owned about 1.07% of Cincinnati Financial worth $240,297,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd increased its position in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after buying an additional 205 shares during the period. McClarren Financial Advisors Inc. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co bought a new position in shares of Cincinnati Financial during the 4th quarter worth $51,000. Institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Stock Up 0.5 %

CINF stock opened at $139.84 on Friday. The stock has a 50-day simple moving average of $139.41 and a two-hundred day simple moving average of $142.53. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The firm has a market capitalization of $21.86 billion, a PE ratio of 9.63, a PEG ratio of 8.30 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

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