Strs Ohio reduced its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,487 shares of the insurance provider’s stock after selling 3,621 shares during the period. Strs Ohio’s holdings in Cincinnati Financial Corporation were worth $1,339,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hartford Investment Management Co. raised its position in shares of Cincinnati Financial Corporation by 56.2% in the second quarter. Hartford Investment Management Co. now owns 53,988 shares of the insurance provider’s stock worth $3,911,000 after buying an additional 19,425 shares during the last quarter. Puplava Financial Services Inc. bought a new position in shares of Cincinnati Financial Corporation during the second quarter worth $1,351,000. Investment Partners Ltd. OH ADV bought a new position in shares of Cincinnati Financial Corporation during the second quarter worth $355,000. Forsta AP Fonden raised its position 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. Finally, Washington Trust Bank raised its position 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. 63.03% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Corporation (CINF) opened at 79.00 on Friday. Cincinnati Financial Corporation has a 1-year low of $68.11 and a 1-year high of $81.98. The firm has a market capitalization of $12.95 billion, a P/E ratio of 22.64 and a beta of 0.89. The stock’s 50 day moving average is $74.78 and its 200-day moving average is $72.37.

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

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A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. Zacks Investment Research downgraded shares of Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cincinnati Financial Corporation has an average 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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