Russell Investments Group Ltd. lowered its position in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 216,317 shares of the insurance provider’s stock after selling 7,755 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Cincinnati Financial worth $40,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in CINF. Motiv8 Investments LLC bought a new stake in Cincinnati Financial during the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC acquired a new position in Cincinnati Financial in the 1st quarter valued at approximately $34,000. DV Equities LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $36,000. Legacy Wealth Managment LLC ID raised its stake in shares of Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Cincinnati Financial during the fourth quarter worth $44,000. Institutional investors own 65.24% of the company’s stock.
Cincinnati Financial Trading Up 0.3%
NASDAQ:CINF opened at $173.17 on Friday. The firm’s fifty day moving average is $177.61 and its 200-day moving average is $168.16. 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 $149.60 and a 52 week high of $194.81. The firm has a market cap of $26.58 billion, a P/E ratio of 8.17, a P/E/G ratio of 3.62 and a beta of 0.54.
Analysts Set New Price Targets
Several analysts recently weighed in on CINF shares. Piper Sandler boosted 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 lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their target price on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.40.
View Our Latest Stock Report on CINF
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.
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