Haverford Trust Co Buys New Shares in Cincinnati Financial Corporation $CINF

Haverford Trust Co bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 6,352 shares of the insurance provider’s stock, valued at approximately $1,176,000.

Other large investors have also recently bought and sold shares of the company. BIP Wealth LLC increased its position in shares of Cincinnati Financial by 1.6% during the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock worth $720,000 after purchasing an additional 63 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Cincinnati Financial by 0.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock valued at $2,616,000 after buying an additional 68 shares during the last quarter. McAdam LLC grew its stake in shares of Cincinnati Financial by 2.6% in the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after buying an additional 70 shares in the last quarter. Triton Financial Group Inc grew its stake in shares of Cincinnati Financial by 0.7% in the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock worth $374,000 after buying an additional 77 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CINF has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday. Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $197.00 to $193.00 in a report on Thursday, July 30th. Finally, Roth Capital raised their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.40.

Cincinnati Financial Trading Up 0.1%

CINF stock opened at $168.29 on Friday. Cincinnati Financial Corporation has a one year low of $150.00 and a one year high of $194.81. The stock has a market cap of $25.83 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 3.52 and a beta of 0.54. The company has a fifty day moving average price of $177.96 and a two-hundred day moving average price of $168.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period in the previous year, the company earned $1.97 earnings per share. Equities analysts anticipate that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.