2,905 Shares in Cincinnati Financial Co. (CINF) Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,905 shares of the insurance provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also made changes to their positions in CINF. FMR LLC boosted its position in shares of Cincinnati Financial by 1.3% in the fourth quarter. FMR LLC now owns 74,715 shares of the insurance provider’s stock worth $5,659,000 after buying an additional 955 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Cincinnati Financial by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,208 shares of the insurance provider’s stock worth $395,000 after buying an additional 310 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Cincinnati Financial by 4.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 458,839 shares of the insurance provider’s stock worth $34,757,000 after buying an additional 19,565 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Cincinnati Financial by 5.0% in the fourth quarter. Teachers Advisors LLC now owns 185,479 shares of the insurance provider’s stock worth $14,050,000 after buying an additional 8,863 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Cincinnati Financial during the fourth quarter worth about $824,000. 63.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cincinnati Financial Co. (CINF) traded down 0.78% during trading on Friday, hitting $79.00. 359,665 shares of the stock were exchanged. Cincinnati Financial Co. has a 52 week low of $68.11 and a 52 week 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 P/E ratio of 22.64 and a beta of 0.89.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.18. Cincinnati Financial had a net margin of 7.22% and a return on equity of 5.48%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Cincinnati Financial Co. will post $2.90 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/first-heartland-consultants-inc-invests-210000-in-cincinnati-financial-corporation-cinf-updated.html.

A number of equities analysts have issued reports on CINF shares. Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Cincinnati Financial in a research note on Monday, May 22nd. Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, BidaskClub raised shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Cincinnati Financial has a consensus rating of “Hold” and an average target price of $78.75.

About Cincinnati Financial

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.

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

Receive News & Ratings for Cincinnati Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply