3,973 Shares in Cincinnati Financial Corporation $CINF Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,973 shares of the insurance provider’s stock, valued at approximately $736,000.

Other large investors have also recently added to or reduced their stakes in the company. CM Wealth Advisors LLC acquired a new position in Cincinnati Financial during the 2nd quarter worth $306,000. Csenge Advisory Group acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at about $616,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at about $687,000. Johnson Financial Group Inc. bought a new position in shares of Cincinnati Financial during the second quarter worth about $837,000. Finally, one8zero8 LLC bought a new position in shares of Cincinnati Financial during the second quarter worth about $259,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Down 0.2%

NASDAQ CINF opened at $168.19 on Friday. Cincinnati Financial Corporation has a one year low of $150.00 and a one year high of $194.81. The company has a 50-day simple moving average of $177.98 and a 200-day simple moving average of $168.54. 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 firm has a market capitalization of $25.81 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 3.53 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company earned $1.97 EPS. On average, equities analysts forecast that Cincinnati Financial Corporation will post 8.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.