Cincinnati Financial Corporation $CINF Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 708,485 shares of the insurance provider’s stock after acquiring an additional 112,046 shares during the period. Deutsche Bank AG’s holdings in Cincinnati Financial were worth $131,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CINF. Norges Bank purchased a new stake in Cincinnati Financial in the 4th quarter valued at approximately $270,892,000. First Trust Advisors LP increased its position in Cincinnati Financial by 59.4% during the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock worth $331,136,000 after purchasing an additional 784,584 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Cincinnati Financial by 193.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,033 shares of the insurance provider’s stock worth $98,161,000 after buying an additional 396,086 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Cincinnati Financial by 48.6% during the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock worth $119,682,000 after buying an additional 262,715 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $32,692,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $168.49 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The business has a fifty day moving average of $177.98 and a 200-day moving average of $168.49. The stock has a market cap of $25.86 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 3.59 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same quarter last year, the firm earned $1.97 earnings per share. As a group, analysts predict that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CINF. Piper Sandler lifted their price target on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Roth Capital increased their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $195.40.

Cincinnati Financial 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.