National Planning Corp Acquires 1,617 Shares of Cincinnati Financial Corporation (CINF)
National Planning Corp raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 33.5% during the second quarter, Holdings Channel reports. The institutional investor owned 6,448 shares of the insurance provider’s stock after buying an additional 1,617 shares during the period. National Planning Corp’s holdings in Cincinnati Financial Corporation were worth $471,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Korea Investment CORP raised its position in Cincinnati Financial Corporation by 142.0% in the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock worth $105,000 after buying an additional 852 shares in the last quarter. Clarius Group LLC purchased a new stake in shares of Cincinnati Financial Corporation during the first quarter worth approximately $130,000. MCF Advisors LLC boosted its stake in shares of Cincinnati Financial Corporation by 2.4% in the first quarter. MCF Advisors LLC now owns 2,243 shares of the insurance provider’s stock worth $162,000 after buying an additional 52 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Cincinnati Financial Corporation by 36.2% in the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock worth $183,000 after buying an additional 648 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Cincinnati Financial Corporation during the second quarter worth approximately $210,000. 63.03% of the stock is owned by institutional investors.
Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at 79.00 on Friday. The firm has a market cap of $12.95 billion, a PE 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 has a 52 week low of $68.11 and a 52 week high of $81.98.
Cincinnati Financial Corporation (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Corporation will post $2.90 EPS for the current fiscal year.
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CINF has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. BidaskClub cut shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company 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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