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.
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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.
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