Vise Technologies Inc. Purchases New Position in Cincinnati Financial Corporation $CINF

Vise Technologies Inc. purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,029 shares of the insurance provider’s stock, valued at approximately $1,486,000.

Several other hedge funds have also recently bought and sold shares of CINF. Frazier Financial Advisors LLC bought a new position in shares of Cincinnati Financial during the second quarter worth approximately $113,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Cincinnati Financial during the 2nd quarter worth approximately $736,000. CM Wealth Advisors LLC bought a new stake in Cincinnati Financial in the 2nd quarter valued at $306,000. Csenge Advisory Group bought a new stake in Cincinnati Financial in the 2nd quarter valued at $616,000. Finally, AssuredPartners Investment Advisors LLC acquired a new position in Cincinnati Financial in the 2nd quarter valued at $687,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $168.29 on Friday. The stock has a fifty day moving average price of $177.96 and a 200-day moving average price of $168.54. The company has a market cap of $25.83 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 3.52 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. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two 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 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business posted $1.97 EPS. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 8.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. 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. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.40.

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.