Bahl & Gaynor Inc. Cuts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Bahl & Gaynor Inc. trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,005,215 shares of the insurance provider’s stock after selling 1,589 shares during the period. Bahl & Gaynor Inc.’s holdings in Cincinnati Financial were worth $104,000,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Criterion Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. BKM Wealth Management LLC acquired a new position in Cincinnati Financial during the fourth quarter worth about $31,000. NBC Securities Inc. acquired a new position in Cincinnati Financial during the third quarter worth about $39,000. Integrated Investment Consultants LLC acquired a new position in Cincinnati Financial during the fourth quarter worth about $39,000. Finally, GoalVest Advisory LLC grew its position in Cincinnati Financial by 122.9% during the fourth quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider’s stock worth $40,000 after buying an additional 215 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 6.4 %

CINF stock opened at $110.88 on Friday. The company’s 50 day simple moving average is $117.71 and its 200-day simple moving average is $109.08. The firm has a market capitalization of $17.37 billion, a PE ratio of 7.38, a P/E/G ratio of 2.39 and a beta of 0.63. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

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

Analysts Set New Price Targets

Several brokerages have weighed in on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler restated a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. Citigroup upped their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Hold” and an average price target 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.