United Fire Group Inc. maintained its stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 320,276 shares of the insurance provider’s stock at the end of the second quarter. Cincinnati Financial Corporation accounts for about 8.2% of United Fire Group Inc.’s portfolio, making the stock its 2nd largest position. United Fire Group Inc.’s holdings in Cincinnati Financial Corporation were worth $23,204,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. South State Corp boosted its stake in Cincinnati Financial Corporation by 0.3% in the first quarter. South State Corp now owns 6,090 shares of the insurance provider’s stock valued at $440,000 after buying an additional 20 shares during the period. Capital One National Association boosted its stake in Cincinnati Financial Corporation by 0.9% in the second quarter. Capital One National Association now owns 3,648 shares of the insurance provider’s stock valued at $264,000 after buying an additional 31 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Cincinnati Financial Corporation by 0.8% in the first quarter. Sequoia Financial Advisors LLC now owns 4,487 shares of the insurance provider’s stock valued at $324,000 after buying an additional 37 shares during the period. Moon Capital Management LLC boosted its stake in Cincinnati Financial Corporation by 0.7% in the first quarter. Moon Capital Management LLC now owns 6,155 shares of the insurance provider’s stock valued at $445,000 after buying an additional 42 shares during the period. Finally, Whittier Trust Co. boosted its stake in Cincinnati Financial Corporation by 1.0% in the first quarter. Whittier Trust Co. now owns 4,407 shares of the insurance provider’s stock valued at $318,000 after buying an additional 42 shares during the period. 63.03% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Corporation (NASDAQ CINF) opened at 79.62 on Friday. The stock’s 50 day moving average price is $74.56 and its 200 day moving average price is $72.30. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 22.81 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.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. The company 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 revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. On average, analysts forecast that Cincinnati Financial Corporation will post $2.90 EPS for the current year.

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Several equities research analysts have issued reports on the company. BidaskClub cut Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 target price on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. Finally, Keefe, Bruyette & Woods set a $70.00 target price on Cincinnati Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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