Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 86.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,653 shares of the insurance provider’s stock after purchasing an additional 4,945 shares during the period. Headlands Technologies LLC’s holdings in Cincinnati Financial were worth $1,102,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Meritage Portfolio Management acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $2,981,000. Cognios Beta Neutral Large Cap Fund LP acquired a new position in shares of Cincinnati Financial in the fourth quarter worth about $403,000. GAMMA Investing LLC acquired a new position in shares of Cincinnati Financial in the fourth quarter worth about $74,000. PDS Planning Inc boosted its holdings in shares of Cincinnati Financial by 2.9% in the fourth quarter. PDS Planning Inc now owns 18,958 shares of the insurance provider’s stock worth $1,961,000 after buying an additional 537 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Cincinnati Financial by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 559,675 shares of the insurance provider’s stock worth $57,904,000 after buying an additional 6,527 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Price Performance

NASDAQ CINF opened at $110.88 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $17.37 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63. The company has a 50 day moving average price of $117.71 and a two-hundred day moving average price of $109.13. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue was up 31.0% compared to the same quarter last year. As a group, equities analysts predict that Cincinnati Financial Co. will post 6.33 earnings per share 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.