Vise Technologies Inc. Takes Position in Cincinnati Financial Corporation $CINF

Vise Technologies Inc. bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,029 shares of the insurance provider’s stock, valued at approximately $1,486,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Cincinnati Financial in the fourth quarter valued at approximately $270,892,000. First Trust Advisors LP raised its stake 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 worth $331,136,000 after purchasing an additional 784,584 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $98,161,000 after purchasing an additional 396,086 shares in the last quarter. Raymond James Financial Inc. boosted its holdings 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 buying an additional 262,715 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $32,692,000. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CINF. Roth Capital boosted their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Piper Sandler increased their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.40.

Cincinnati Financial Stock Performance

CINF opened at $168.29 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a 12-month low of $150.00 and a 12-month high of $194.81. The business has a 50 day moving average of $177.96 and a 200-day moving average of $168.54. The stock has a market cap of $25.83 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.52 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. On average, equities research analysts expect that Cincinnati Financial Corporation will post 8.31 earnings per share for the current year.

Cincinnati Financial Company 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.