US Bancorp DE Has $69.49 Million Position in Cincinnati Financial Corporation $CINF

US Bancorp DE lowered its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 425,493 shares of the insurance provider’s stock after selling 18,992 shares during the quarter. US Bancorp DE’s holdings in Cincinnati Financial were worth $69,492,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial in the fourth quarter valued at $25,000. LRI Investments LLC acquired a new stake in Cincinnati Financial in the third quarter valued at $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $30,000. Quent Capital LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $34,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CINF. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Bank of America cut their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday. Roth Mkm raised their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $178.75.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $163.60 on Friday. The firm has a 50-day moving average of $162.69 and a 200-day moving average of $162.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.28. The stock has a market cap of $25.31 billion, a PE ratio of 9.35, a P/E/G ratio of 3.61 and a beta of 0.63. Cincinnati Financial Corporation has a 52-week low of $136.62 and a 52-week high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned ($0.24) earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.45 EPS for the current year.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.