Beverly Hills Private Wealth LLC Has $540,000 Holdings in Cincinnati Financial Corporation $CINF

Beverly Hills Private Wealth LLC cut its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 65.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,919 shares of the insurance provider’s stock after selling 5,595 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Cincinnati Financial were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth about $270,892,000. First Trust Advisors LP increased its holdings in shares of Cincinnati Financial by 59.4% during the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock valued at $331,136,000 after acquiring an additional 784,584 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cincinnati Financial by 193.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,033 shares of the insurance provider’s stock valued at $98,161,000 after acquiring an additional 396,086 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Cincinnati Financial by 48.6% in the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock valued at $119,682,000 after acquiring an additional 262,715 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of Cincinnati Financial in the 4th quarter valued at approximately $32,692,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $173.17 on Monday. The company’s fifty day moving average is $177.61 and its two-hundred day moving average is $168.23. Cincinnati Financial Corporation has a 52-week low of $149.60 and a 52-week high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 3.62 and a beta of 0.55.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $1.97 EPS. Equities research analysts forecast that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Roth Capital upped their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Finally, Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research note on Wednesday, July 15th. One investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Profile

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.