Cincinnati Financial Corporation (NASDAQ:CINF) Stock Position Reduced by Deutsche Bank AG

Deutsche Bank AG lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 587,976 shares of the insurance provider's stock after selling 2,181 shares during the period. Deutsche Bank AG owned 0.38% of Cincinnati Financial worth $86,856,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CINF. Park National Corp OH boosted its position in shares of Cincinnati Financial by 0.6% in the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after buying an additional 72 shares during the period. Spire Wealth Management boosted its position in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares during the period. Nissay Asset Management Corp Japan ADV boosted its position in shares of Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after buying an additional 91 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares during the period. Finally, Brass Tax Wealth Management Inc. boosted its position in shares of Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1%

CINF traded up $0.20 on Thursday, reaching $154.21. The company's stock had a trading volume of 312,282 shares, compared to its average volume of 693,948. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 7.51 and a beta of 0.70. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The business's 50 day moving average is $148.35 and its 200 day moving average is $143.58.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. Cincinnati Financial's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital increased their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $159.40.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.