Handelsbanken Fonder AB Has $2.69 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Handelsbanken Fonder AB decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 27.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,952 shares of the insurance provider’s stock after selling 9,617 shares during the period. Handelsbanken Fonder AB’s holdings in Cincinnati Financial were worth $2,685,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Criterion Capital Advisors LLC acquired a new stake in Cincinnati Financial during the fourth quarter worth approximately $27,000. BKM Wealth Management LLC bought a new stake in Cincinnati Financial in the 4th quarter valued at $31,000. NBC Securities Inc. acquired a new position in Cincinnati Financial in the 3rd quarter valued at $39,000. GoalVest Advisory LLC increased its position in Cincinnati Financial by 122.9% during the 4th 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. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Cincinnati Financial in the third quarter valued at about $51,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the subject of several analyst reports. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Citigroup lifted their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Piper Sandler reissued a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Trading Down 6.4 %

Shares of CINF stock opened at $110.88 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35. The company has a market cap of $17.37 billion, a PE ratio of 9.50, a P/E/G ratio of 2.42 and a beta of 0.63. The stock’s fifty day moving average price is $117.71 and its two-hundred day moving average price is $109.08.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $1.72 earnings per share 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 return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s revenue was up 31.0% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Equities analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

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.