IFM Investors Pty Ltd Has $3.84 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

IFM Investors Pty Ltd decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,895 shares of the insurance provider’s stock after selling 976 shares during the period. IFM Investors Pty Ltd’s holdings in Cincinnati Financial were worth $3,836,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Assetmark Inc. lifted its holdings in shares of Cincinnati Financial by 252.2% during the fourth quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 174 shares during the period. Criterion Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth about $27,000. BKM Wealth Management LLC bought a new position in Cincinnati Financial during the 4th quarter valued at about $31,000. Raleigh Capital Management Inc. bought a new position in Cincinnati Financial during the 4th quarter valued at about $31,000. Finally, NBC Securities Inc. acquired a new position in Cincinnati Financial in the third quarter valued at about $39,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Down 6.4 %

Shares of NASDAQ CINF traded down $7.56 during midday trading on Friday, hitting $110.88. The stock had a trading volume of 2,184,563 shares, compared to its average volume of 567,488. The firm has a market cap of $17.37 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.63. 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 debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company’s 50-day simple moving average is $117.71 and its 200 day simple moving average is $109.08.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $1.72 earnings per share (EPS) 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 analysts’ expectations of $2.13 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 22.16%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. Research analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler reiterated a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research note on Monday, April 1st. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Citigroup raised their target price on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $123.57.

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.