Public Employees Retirement Association of Colorado increased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,855 shares of the insurance provider’s stock after buying an additional 85 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cincinnati Financial Corporation were worth $2,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 valued at $1,201,018,000 after buying an additional 813,206 shares during the period. BlackRock Inc. increased its position 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 valued at $948,595,000 after buying an additional 12,467,118 shares during the period. State Street Corp increased its position 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 valued at $727,642,000 after buying an additional 329,902 shares during the period. Bank of America Corp DE increased its position in shares of Cincinnati Financial Corporation by 2.4% in the first quarter. Bank of America Corp DE now owns 6,307,619 shares of the insurance provider’s stock valued at $455,852,000 after buying an additional 149,473 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Cincinnati Financial Corporation by 5.9% in the first quarter. JPMorgan Chase & Co. now owns 2,900,223 shares of the insurance provider’s stock valued at $209,600,000 after buying an additional 161,845 shares during the period. Institutional investors own 63.03% of the company’s stock.

Shares of Cincinnati Financial Corporation (CINF) opened at 80.33 on Thursday. The stock has a 50 day moving average price of $74.34 and a 200 day moving average price of $72.25. The firm has a market capitalization of $13.17 billion, a PE ratio of 23.02 and a beta of 0.89. Cincinnati Financial Corporation has a 12-month low of $68.11 and a 12-month high of $80.35.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. Analysts predict that Cincinnati Financial Corporation will post $2.90 EPS for the current fiscal year.

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Several research analysts have weighed in on CINF shares. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. 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. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $72.00 price target on shares of Cincinnati Financial Corporation in a report on Monday, May 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company 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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