Beverly Hills Private Wealth LLC Has $540,000 Holdings in Cincinnati Financial Corporation $CINF

Beverly Hills Private Wealth LLC cut its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 65.7% during the second quarter, HoldingsChannel.com reports. The firm owned 2,919 shares of the insurance provider’s stock after selling 5,595 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Cincinnati Financial were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Trivium Point Advisory LLC lifted its position in Cincinnati Financial by 1.7% in the second quarter. Trivium Point Advisory LLC now owns 6,414 shares of the insurance provider’s stock worth $1,187,000 after purchasing an additional 108 shares during the period. Continuum Advisory LLC bought a new stake in Cincinnati Financial in the 2nd quarter valued at $224,000. Global Retirement Partners LLC bought a new stake in Cincinnati Financial in the 2nd quarter valued at $590,000. Sandro Wealth Management LLC raised its stake in shares of Cincinnati Financial by 5.9% in the 2nd quarter. Sandro Wealth Management LLC now owns 3,168 shares of the insurance provider’s stock valued at $586,000 after buying an additional 176 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Cincinnati Financial by 30.0% in the 2nd quarter. State of Wyoming now owns 2,770 shares of the insurance provider’s stock valued at $513,000 after buying an additional 640 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of CINF opened at $173.17 on Monday. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 3.62 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. The business’s fifty day moving average price is $177.61 and its two-hundred day moving average price is $168.23. Cincinnati Financial Corporation has a 52 week low of $149.60 and a 52 week high of $194.81.

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

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a report on Wednesday, July 15th. Keefe, Bruyette & Woods lowered their target price 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. Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Finally, Roth Capital lifted their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average target price of $195.40.

Cincinnati Financial 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.