Unigestion Holding SA lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 19.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,619 shares of the insurance provider’s stock after selling 22,196 shares during the quarter. Unigestion Holding SA owned 0.06% of Cincinnati Financial worth $6,960,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CINF. Wells Fargo & Company MN increased its holdings in Cincinnati Financial by 10.2% during the 2nd quarter. Wells Fargo & Company MN now owns 349,398 shares of the insurance provider’s stock worth $23,361,000 after purchasing an additional 32,479 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Cincinnati Financial by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,301,839 shares of the insurance provider’s stock worth $87,041,000 after purchasing an additional 19,935 shares in the last quarter. Laurion Capital Management LP bought a new position in Cincinnati Financial during the 2nd quarter worth about $255,000. Iberiabank Corp increased its holdings in Cincinnati Financial by 43.1% during the 3rd quarter. Iberiabank Corp now owns 79,013 shares of the insurance provider’s stock worth $6,069,000 after purchasing an additional 23,789 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in Cincinnati Financial by 40.7% during the 2nd quarter. Aviance Capital Partners LLC now owns 13,934 shares of the insurance provider’s stock worth $931,000 after purchasing an additional 4,034 shares in the last quarter. 62.20% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on CINF shares. Zacks Investment Research cut Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Sandler O’Neill reiterated a “neutral” rating on shares of Cincinnati Financial in a report on Friday, July 27th. BidaskClub upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Credit Suisse Group started coverage on Cincinnati Financial in a report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 target price for the company. Finally, ValuEngine upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Cincinnati Financial has an average rating of “Hold” and a consensus price target of $77.00.
Shares of NASDAQ CINF opened at $81.32 on Friday. The stock has a market capitalization of $13.15 billion, a PE ratio of 29.68 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a fifty-two week low of $66.33 and a fifty-two week high of $81.92.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Cincinnati Financial had a return on equity of 6.70% and a net margin of 22.61%. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 3.25 EPS for the current fiscal year.
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Cincinnati Financial Company Profile
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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