Russell Investments Group Ltd. decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,869 shares of the insurance provider’s stock after selling 26,386 shares during the period. Russell Investments Group Ltd.’s holdings in Cincinnati Financial Corporation were worth $17,457,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Puplava Financial Services Inc. acquired a new stake in shares of Cincinnati Financial Corporation during the second quarter worth approximately $1,351,000. Investment Partners Ltd. OH ADV acquired a new stake in shares of Cincinnati Financial Corporation during the second quarter worth approximately $355,000. Forsta AP Fonden raised its stake in shares of Cincinnati Financial Corporation by 17.3% in the second quarter. Forsta AP Fonden now owns 80,775 shares of the insurance provider’s stock worth $5,852,000 after buying an additional 11,900 shares during the last quarter. Washington Trust Bank raised its stake in shares of Cincinnati Financial Corporation by 1.0% in the second quarter. Washington Trust Bank now owns 4,861 shares of the insurance provider’s stock worth $352,000 after buying an additional 47 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC raised its stake in shares of Cincinnati Financial Corporation by 2.0% in the second quarter. Osborn Williams & Donohoe LLC now owns 203,810 shares of the insurance provider’s stock worth $14,766,000 after buying an additional 4,036 shares during the last quarter. Hedge funds and other institutional investors own 63.03% of the company’s stock.

Cincinnati Financial Corporation (NASDAQ CINF) traded up 0.14% during midday trading on Wednesday, reaching $79.86. The company had a trading volume of 124,996 shares. The company has a market cap of $13.09 billion, a PE ratio of 22.88 and a beta of 0.89. Cincinnati Financial Corporation has a 52-week low of $68.11 and a 52-week high of $81.98. The company’s 50-day moving average is $73.74 and its 200 day moving average is $72.02.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. Cincinnati Financial Corporation’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Corporation will post $2.90 EPS for the current year.

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A number of brokerages have commented on CINF. BidaskClub upgraded Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cincinnati Financial Corporation has a consensus rating of “Hold” and an average price target 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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