Welch Investments LLC Acquires 3,077 Shares of Cincinnati Financial Corporation (CINF)
Welch Investments LLC boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,547 shares of the insurance provider’s stock after purchasing an additional 3,077 shares during the period. Cincinnati Financial Corporation makes up approximately 3.2% of Welch Investments LLC’s holdings, making the stock its 14th biggest position. Welch Investments LLC’s holdings in Cincinnati Financial Corporation were worth $4,713,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP acquired a new stake in shares of Cincinnati Financial Corporation during the second quarter valued at approximately $101,000. Korea Investment CORP raised its holdings in shares of Cincinnati Financial Corporation by 142.0% during the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 852 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Cincinnati Financial Corporation by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 1,400 shares during the period. People s United Financial Inc. raised its holdings in shares of Cincinnati Financial Corporation by 6.5% during the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 110 shares during the period. Finally, San Francisco Sentry Investment Group CA acquired a new stake in shares of Cincinnati Financial Corporation during the second quarter valued at approximately $152,000. 62.49% of the stock is owned by institutional investors and hedge funds.
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Cincinnati Financial Corporation (NASDAQ:CINF) traded up $0.05 during trading on Thursday, reaching $74.11. 455,900 shares of the company’s stock traded hands, compared to its average volume of 518,294. The firm has a market cap of $12,151.16, a price-to-earnings ratio of 28.93 and a beta of 0.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial Corporation has a 1 year low of $68.24 and a 1 year high of $81.98.
Cincinnati Financial Corporation (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial Corporation had a net margin of 8.93% and a return on equity of 5.85%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. research analysts expect that Cincinnati Financial Corporation will post 2.65 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on CINF shares. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $70.00 price target on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $79.25.
About Cincinnati Financial Corporation
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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