National Bank of Canada FI reduced its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 13.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,994 shares of the insurance provider's stock after selling 20,689 shares during the period. National Bank of Canada FI owned 0.08% of Cincinnati Financial worth $19,055,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park National Corp OH raised its holdings in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after purchasing an additional 72 shares in the last quarter. Spire Wealth Management raised its holdings in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Cincinnati Financial by 0.5% during 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 purchasing an additional 91 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Cincinnati Financial by 4.1% during the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after purchasing an additional 94 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its holdings in Cincinnati Financial by 5.2% during the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock worth $279,000 after purchasing an additional 94 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Price Performance
Cincinnati Financial stock traded up $0.20 during mid-day trading on Thursday, hitting $154.21. The company's stock had a trading volume of 312,282 shares, compared to its average volume of 693,948. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $24.11 billion, a P/E ratio of 13.37, a P/E/G ratio of 7.51 and a beta of 0.70. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $161.74. The stock's fifty day moving average price is $148.35 and its two-hundred day moving average price is $143.58.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. Research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CINF. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Roth Capital boosted their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Two investment 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $159.40.
Get Our Latest Stock Analysis on Cincinnati Financial
Cincinnati Financial Company Profile
(
Free Report)
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.
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