Los Angeles Capital Management LLC Boosts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Los Angeles Capital Management LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,295,928 shares of the insurance provider’s stock after buying an additional 186,629 shares during the quarter. Los Angeles Capital Management LLC owned about 0.83% of Cincinnati Financial worth $134,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CINF. Criterion Capital Advisors LLC purchased a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new position in Cincinnati Financial in the fourth quarter worth $31,000. NBC Securities Inc. purchased a new position in Cincinnati Financial during the third quarter valued at $39,000. GoalVest Advisory LLC lifted its position in Cincinnati Financial by 122.9% during the 4th quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 215 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Cincinnati Financial during the third quarter worth about $51,000. 65.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

CINF stock traded down $1.06 on Thursday, hitting $116.24. The company had a trading volume of 396,620 shares, compared to its average volume of 882,827. 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 stock has a market cap of $18.20 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 2.47 and a beta of 0.63. The stock’s 50-day simple moving average is $117.96 and its 200 day simple moving average is $109.42.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) 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 the consensus estimate of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. As a group, equities research analysts expect that Cincinnati Financial Co. will post 6.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CINF shares. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their target price for the company from $125.00 to $135.00 in a research note on Monday, March 25th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Piper Sandler reiterated a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Hold” and a consensus target price of $124.50.

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.