Searle & CO. Purchases Shares of 13,717 Cincinnati Financial Co. (NASDAQ:CINF)

Searle & CO. acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 the business. London Co. of Virginia boosted its position in shares of Cincinnati Financial by 7.8% in the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock valued at $283,658,000 after acquiring an additional 200,414 shares during the period. Northern Trust Corp boosted its holdings in Cincinnati Financial by 2.0% in the 3rd quarter. Northern Trust Corp now owns 1,732,270 shares of the insurance provider’s stock valued at $177,194,000 after purchasing an additional 33,942 shares during the period. Johnson Investment Counsel Inc. grew its position in Cincinnati Financial by 2.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,353,199 shares of the insurance provider’s stock worth $138,419,000 after purchasing an additional 34,880 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Cincinnati Financial by 2.9% during the 3rd quarter. Invesco Ltd. now owns 1,287,675 shares of the insurance provider’s stock worth $131,716,000 after purchasing an additional 36,759 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Cincinnati Financial by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,245,242 shares of the insurance provider’s stock valued at $127,376,000 after buying an additional 36,024 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded up $1.61 during trading hours on Wednesday, hitting $117.30. 1,036,951 shares of the stock were exchanged, compared to its average volume of 888,929. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The business’s 50-day moving average is $117.84 and its two-hundred day moving average is $109.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $18.36 billion, a P/E ratio of 7.70, a P/E/G ratio of 2.44 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Friday, April 26th. 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 return on equity of 9.34% and a net margin of 22.16%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. Equities research analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CINF shares. 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. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $125.00 to $135.00 in a research note on Monday, March 25th. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup lifted their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $123.57.

Insider Buying and Selling

In related news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was acquired 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 directly owns 53,988 shares in the company, valued at approximately $6,126,018.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by corporate insiders.

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.