Crew Capital Management Ltd. Sells 940 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Crew Capital Management Ltd. cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,535 shares of the insurance provider’s stock after selling 940 shares during the period. Crew Capital Management Ltd.’s holdings in Cincinnati Financial were worth $676,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CINF. CWM LLC raised its holdings in Cincinnati Financial by 10.0% in the third quarter. CWM LLC now owns 1,991 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 181 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Cincinnati Financial by 27.6% during the third quarter. IFP Advisors Inc now owns 1,109 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 240 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $51,000. Czech National Bank grew its stake in shares of Cincinnati Financial by 47.3% during the third quarter. Czech National Bank now owns 27,416 shares of the insurance provider’s stock worth $2,804,000 after acquiring an additional 8,806 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $590,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $2.67 during trading hours on Monday, reaching $113.55. The stock had a trading volume of 1,372,447 shares, compared to its average volume of 882,237. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The stock has a fifty day moving average of $117.71 and a 200 day moving average of $109.18. The stock has a market cap of $17.78 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CINF shares. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Citigroup boosted their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.57.

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.