Denali Advisors LLC Invests $1.49 Million in Cincinnati Financial Corporation $CINF

Denali Advisors LLC bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, Holdings Channel reports. The firm bought 8,024 shares of the insurance provider’s stock, valued at approximately $1,486,000.

A number of other large investors also recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $29,000. Covestor Ltd grew its holdings in Cincinnati Financial by 98.8% in the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after buying an additional 83 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at $34,000. DV Equities LLC bought a new position in Cincinnati Financial during the 4th quarter worth $36,000. Finally, Legacy Wealth Managment LLC ID increased its position in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after buying an additional 108 shares during the period. Institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent research reports. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Piper Sandler lifted their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $197.00 to $193.00 in a report on Thursday, July 30th. Finally, Roth Capital increased their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial Stock Performance

CINF opened at $168.49 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week high of $194.81. The firm has a market cap of $25.86 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 3.59 and a beta of 0.54. The business’s fifty day moving average is $177.98 and its 200-day moving average is $168.49.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $1.97 EPS. Sell-side analysts expect that Cincinnati Financial Corporation will post 8.31 EPS for the current fiscal year.

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.