3,330 Shares in Cincinnati Financial Corporation $CINF Purchased by Csenge Advisory Group

Csenge Advisory Group purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,330 shares of the insurance provider’s stock, valued at approximately $616,000.

Several other large investors have also recently added to or reduced their stakes in the company. AssuredPartners Investment Advisors LLC bought a new position in shares of Cincinnati Financial in the second quarter valued at approximately $687,000. Johnson Financial Group Inc. bought a new stake in Cincinnati Financial during the 2nd quarter worth approximately $837,000. one8zero8 LLC acquired a new stake in Cincinnati Financial during the 2nd quarter valued at $259,000. Bantamac Capital LLC acquired a new stake in Cincinnati Financial during the 2nd quarter valued at $278,000. Finally, Denali Advisors LLC bought a new position in Cincinnati Financial in the 2nd quarter valued at $1,486,000. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CINF. Piper Sandler boosted their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Stock Down 0.2%

NASDAQ:CINF opened at $168.19 on Friday. The company has a market cap of $25.81 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 3.53 and a beta of 0.54. 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 stock’s fifty day moving average price is $177.98 and its two-hundred day moving average price is $168.54. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly 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 net margin of 23.84% and a return on equity of 9.63%. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $1.97 earnings per share. On average, analysts anticipate that Cincinnati Financial Corporation will post 8.31 EPS 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.