HHM Wealth Advisors LLC Acquires 15,140 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

HHM Wealth Advisors LLC increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 691.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,331 shares of the insurance provider's stock after acquiring an additional 15,140 shares during the quarter. Cincinnati Financial comprises about 0.3% of HHM Wealth Advisors LLC's investment portfolio, making the stock its 29th biggest holding. HHM Wealth Advisors LLC's holdings in Cincinnati Financial were worth $1,793,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Criterion Capital Advisors LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at about $27,000. BKM Wealth Management LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at about $31,000. NBC Securities Inc. bought a new stake in Cincinnati Financial during the 3rd quarter valued at about $39,000. GoalVest Advisory LLC increased its stake in Cincinnati Financial by 122.9% during the 4th quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider's stock valued at $40,000 after purchasing an additional 215 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at about $51,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Cincinnati Financial

Cincinnati Financial Price Performance

CINF traded down $7.56 during trading hours on Friday, hitting $110.88. The company's stock had a trading volume of 2,184,563 shares, compared to its average volume of 567,488. The business's 50-day moving average price is $117.71 and its 200-day moving average price is $109.13. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 2.24 and a beta of 0.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.63%. The company had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. Cincinnati Financial's quarterly revenue was up 31.0% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Profile

(Free Report)

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.

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