The most recent Form 13F filing that Estate Counselors LLC has made with the SEC indicates that during the third quarter of this year, the company made a new investment in Cincinnati Financial Co. (NASDAQ: CINF). The company purchased 8,620 shares of stock in the insurance provider for 7.72 million dollars, which the corporation paid.
Alterations have also been made to how other hedge funds have invested their money in the company. The percentage of Cincinnati Financial in which DekaBank Deutsche Girozentrale owned a stake increased by 27.3% during the year’s second quarter.
DekaBank Deutsche Girozentrale now holds 34,012 shares of the insurance provider’s stock, which are currently valued at $3,983,000 following the acquisition of an additional 7,293 shares during the most recent quarter.
During the third quarter, Salvus Wealth Management LLC made a 4.9% purchase of additional Cincinnati Financial stock, bringing the company’s holdings to 98.4%. Salvus Wealth Management LLC now has 5,332 shares of the insurance provider’s stock, currently valued at $478,000. This was achieved following acquiring an additional 250 shares during the most recent quarter.
In addition, during the preceding quarter, the company acquired an additional 532 shares to bolster its holdings. The North Carolina State Treasurer’s Office increased the amount of Cincinnati Financial stock owned by 33.2% during the second quarter. The Treasurer of the State of North Carolina now has 76,307 shares of the insurance provider’s stock, which are currently valued at $9,079,000 after making a new purchase of 18,999 shares during the most recent quarter. This brings the Treasurer’s total number of shares to 76,307.
During the second quarter, Empirical Finance LLC made a 5.6% purchase of additional Cincinnati Financial stock, bringing the total amount of that company’s shares it owned to 24.4%.
Empirical Finance LLC now has a total of 3,034 shares of the insurance provider’s stock, which are worth a combined total of $361,000 after purchasing an additional 160 shares during the most recent quarter of the fiscal year.
During the third quarter, Larson Financial Group LLC increased the amount of Cincinnati Financial shares it owned by 1,318.8%, making this the last and most important point.
After making an additional purchase of 3,297 shares during the most recent quarter, Larson Financial Group LLC is now the owner of 3,547 shares of the company.
Based on today’s market valuation, the company is worth $318,000 to the investing public. 66.34% of the company’s stock is held by institutional investors such as hedge funds and other investment companies.
In other news, on Tuesday, December 6, investor Dirk J.
Debbink bought a thousand shares of Cincinnati Financial. This was reported in the press. The overall price paid for each share during the transaction was determined to be $106.13, which resulted in the total amount spent during the acquisition equaling $106,130.00.
Due to the acquisition, the director is now the owner of 45,502 shares of the company’s stock.
Based on the current market price, these shares have a value of approximately $4,829,127.26. On the Securities and Exchange Commission website, one can access the file in which it was announced that the acquisition had taken place. This announcement was made after the acquisition had taken place. Company insiders own 2.95% of the total shares in the company.
Several research analyst investigations have focused on CINF as the target of their inquiries. On November 9, StockNews.com moved Cincinnati Financial from a “hold” rating to a “sell” rating.
Previously, Cincinnati Financial had received a “hold” rating.
Piper Sandler stated that they would be increasing their price target on Cincinnati Financial from $98.00 to $100.00 in a research note that was published on Tuesday, January 10.
MKM Partners raised their price objective on Cincinnati Financial from $120.00 to $130.00 and designated the company as a “buy” in a research report on December 5 MKM Partners. On Tuesday, September 27, Bank of America published its first research report covering Cincinnati Financial, marking the beginning of the company’s coverage of the company. They provided the company with a rating of “neutral,” and the price target that they were targeting was $92.00 per share.
Last but not least, BMO Capital Markets started following Cincinnati Financial on Thursday, when they disclosed their findings in a research report that was made public. They gave the business an overall rating of “market perform” and determined that the price objective should be set at $106.00. The stock has been given a “hold” recommendation, the consensus recommendation among investment analysts, in addition to one buy rating, one sell rating, and three hold ratings. The stock has currently rated a consensus “Hold,” and the price target has currently rated a consensus of $107. This information was sourced from Bloomberg.com.
The price of CINF shares reached $104.10 during the trading session held on Monday during lunchtime, which represents a gain of $1.37. The total number of shares of the company’s stock
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