Bbva Compass Bancshares Inc. cut its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 7,679 shares of the insurance provider’s stock after selling 381 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Cincinnati Financial Corporation were worth $556,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 valued at $948,595,000 after buying an additional 12,467,118 shares during the period. Vanguard Group Inc. increased its stake in 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 valued at $1,201,018,000 after buying an additional 813,206 shares during the period. State Street Corp increased its stake in 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 valued at $727,642,000 after buying an additional 329,902 shares during the period. WINTON GROUP Ltd increased its stake in Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock valued at $26,500,000 after buying an additional 276,751 shares during the period. Finally, Fairpointe Capital LLC increased its stake in Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock valued at $34,044,000 after buying an additional 233,867 shares during the period. 63.03% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Corporation (NASDAQ CINF) opened at 80.30 on Monday. The company has a market capitalization of $13.16 billion, a P/E ratio of 23.01 and a beta of 0.89. The stock’s 50 day moving average price is $73.22 and its 200-day moving average price is $71.86. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.14.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities analysts forecast that Cincinnati Financial Corporation will post $2.77 EPS for the current year.

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A number of brokerages have recently issued reports on CINF. Zacks Investment Research downgraded Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial Corporation in a report on Monday, May 22nd. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Keefe, Bruyette & Woods set a $70.00 price target on Cincinnati Financial Corporation and gave the company a “hold” rating in a report on Wednesday, May 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and an average price target of $78.75.

Cincinnati Financial Corporation Company Profile

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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