Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 30.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,997 shares of the insurance provider’s stock after purchasing an additional 471 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cincinnati Financial were worth $295,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new stake in Cincinnati Financial in the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial in the first quarter worth approximately $30,000. Capital Advisors Ltd. LLC lifted its position in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 250 shares during the period. Finally, GoalVest Advisory LLC lifted its position in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 102 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 2.0%

NASDAQ CINF opened at $151.06 on Friday. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $23.62 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 7.64 and a beta of 0.70. The firm’s fifty day simple moving average is $148.43 and its 200-day simple moving average is $143.75.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business posted $1.29 earnings per share. Cincinnati Financial’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CINF. Roth Capital increased their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $159.40.

Cincinnati Financial 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.