Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,895 shares of the insurance provider’s stock after selling 976 shares during the period. IFM Investors Pty Ltd’s holdings in Cincinnati Financial were worth $3,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Cincinnati Financial by 252.2% in the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 174 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in Cincinnati Financial in the fourth quarter worth $27,000. BKM Wealth Management LLC bought a new stake in Cincinnati Financial during the fourth quarter valued at $31,000. Raleigh Capital Management Inc. acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $31,000. Finally, NBC Securities Inc. bought a new position in shares of Cincinnati Financial in the 3rd quarter worth about $39,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

CINF stock traded down $7.56 during trading on Friday, reaching $110.88. 2,184,563 shares of the company’s stock were exchanged, compared to its average volume of 567,488. The firm has a market cap of $17.37 billion, a PE ratio of 7.38, a P/E/G ratio of 2.39 and a beta of 0.63. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The company’s fifty day moving average price is $117.71 and its 200-day moving average price is $109.08.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm posted $0.89 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. On average, research analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CINF. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Citigroup upped their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $123.57.

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.