Russell Investments Group Ltd. Increases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Russell Investments Group Ltd. lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 122.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 270,815 shares of the insurance provider’s stock after purchasing an additional 149,043 shares during the period. Russell Investments Group Ltd.’s holdings in Cincinnati Financial were worth $28,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CINF. Exchange Traded Concepts LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $51,000. Commonwealth Equity Services LLC raised its stake in shares of Cincinnati Financial by 15.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 69,504 shares of the insurance provider’s stock worth $7,110,000 after acquiring an additional 9,153 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Cincinnati Financial by 5.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 51,786 shares of the insurance provider’s stock worth $5,297,000 after acquiring an additional 2,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Cincinnati Financial by 1.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 88,548 shares of the insurance provider’s stock worth $9,058,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Cincinnati Financial by 11.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 24,522 shares of the insurance provider’s stock worth $2,508,000 after acquiring an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CINF. Keefe, Bruyette & Woods boosted their price objective 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. Citigroup boosted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $124.50.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the purchase, the director now directly owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 1.4 %

Shares of Cincinnati Financial stock opened at $117.30 on Thursday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 2.44 and a beta of 0.63. The firm’s 50 day simple moving average is $117.96 and its two-hundred day simple moving average is $109.42.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. The firm 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 9.34%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current year.

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.