Sei Investments Co. Sells 8,979 Shares of Cincinnati Financial Corporation $CINF

Sei Investments Co. trimmed its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 18.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,200 shares of the insurance provider’s stock after selling 8,979 shares during the period. Sei Investments Co.’s holdings in Cincinnati Financial were worth $6,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CINF. Motiv8 Investments LLC purchased a new stake in Cincinnati Financial in the fourth quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Cincinnati Financial during the first quarter worth approximately $34,000. DV Equities LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $36,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 108 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at $44,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

CINF stock opened at $178.03 on Tuesday. The firm’s 50-day moving average price is $174.97 and its two-hundred day moving average price is $167.31. Cincinnati Financial Corporation has a 12-month low of $146.52 and a 12-month high of $194.81. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 3.63 and a beta of 0.54. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period last year, the company posted $1.97 earnings per share. As a group, equities analysts predict that Cincinnati Financial Corporation will post 8.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CINF has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $201.00 target price (up from $191.00) on shares of Cincinnati Financial in a report on Wednesday, July 8th. Roth Capital upped their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Bank of America cut Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Piper Sandler lifted their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.60.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.