Cincinnati Financial Corporation (CINF) Shares Bought by Advisor Partners LLC

Advisor Partners LLC raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 12.2% during the second quarter, Holdings Channel reports. The fund owned 3,860 shares of the insurance provider’s stock after buying an additional 420 shares during the period. Advisor Partners LLC’s holdings in Cincinnati Financial Corporation were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Cincinnati Financial Corporation by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock worth $948,595,000 after buying an additional 12,467,118 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cincinnati Financial Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock worth $1,201,018,000 after buying an additional 813,206 shares during the last quarter. State Street Corp raised its stake in shares of Cincinnati Financial Corporation by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock worth $727,642,000 after buying an additional 329,902 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock worth $26,500,000 after buying an additional 276,751 shares during the last quarter. Finally, Fairpointe Capital LLC raised its stake in shares of Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock worth $34,044,000 after buying an additional 233,867 shares during the last quarter. 63.03% of the stock is owned by institutional investors.

Cincinnati Financial Corporation (NASDAQ CINF) opened at 79.00 on Friday. Cincinnati Financial Corporation has a 12 month low of $68.11 and a 12 month high of $81.98. The firm’s 50-day moving average price is $74.78 and its 200 day moving average price is $72.37. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 22.64 and a beta of 0.89.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts anticipate that Cincinnati Financial Corporation will post $2.90 earnings per share for the current year.

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CINF has been the subject of a number of research analyst reports. Zacks Investment Research lowered Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. BidaskClub lowered Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial Corporation and gave the company a “hold” rating in a research report on Wednesday, May 24th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.75.

About Cincinnati Financial Corporation

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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Institutional Ownership by Quarter for Cincinnati Financial Corporation (NASDAQ:CINF)

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