Public Sector Pension Investment Board Has $6.17 Million Stock Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Public Sector Pension Investment Board lifted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,770 shares of the insurance provider’s stock after buying an additional 1,185 shares during the period. Public Sector Pension Investment Board’s holdings in Cincinnati Financial were worth $6,170,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CINF. GAMMA Investing LLC raised its holdings in shares of Cincinnati Financial by 15,698.7% during the 1st quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider’s stock worth $120,540,000 after buying an additional 810,840 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after buying an additional 358,018 shares in the last quarter. Topsail Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth $47,114,000. Nuveen LLC acquired a new position in shares of Cincinnati Financial during the 1st quarter worth $47,070,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Cincinnati Financial by 62.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider’s stock worth $90,166,000 after buying an additional 241,540 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Capital boosted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Cincinnati Financial Trading Down 2.0%

Shares of CINF stock opened at $151.06 on Friday. The firm has a market capitalization of $23.62 billion, a P/E ratio of 13.10, a P/E/G ratio of 7.64 and a beta of 0.70. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $161.74. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $148.43 and its 200 day simple moving average is $143.75.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Company 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.