Banco Bilbao Vizcaya Argentaria S.A. Increases Holdings in Cincinnati Financial Corporation $CINF

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,925 shares of the insurance provider’s stock after buying an additional 1,052 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cincinnati Financial were worth $4,125,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CINF. GQG Partners LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter valued at about $270,005,000. GAMMA Investing LLC increased its stake in Cincinnati Financial by 15,698.7% in the 1st quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider’s stock worth $120,540,000 after purchasing an additional 810,840 shares during the period. Raymond James Financial Inc. increased its stake in Cincinnati Financial by 558.8% in the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock worth $79,909,000 after purchasing an additional 458,841 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 6.0% in 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 purchasing an additional 358,018 shares during the period. Finally, Topsail Wealth Management LLC purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $47,114,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Roth Capital lifted their price target on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.40.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $153.65 on Thursday. The firm has a market cap of $24.03 billion, a P/E ratio of 13.33, a P/E/G ratio of 7.46 and a beta of 0.70. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $161.74. The business’s 50 day moving average price is $148.69 and its 200-day moving average price is $144.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. On average, equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

About Cincinnati Financial

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.