Sigma Planning Corp Acquires 126 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Sigma Planning Corp increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,249 shares of the insurance provider’s stock after purchasing an additional 126 shares during the period. Sigma Planning Corp’s holdings in Cincinnati Financial were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. boosted its stake in Cincinnati Financial by 50.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,486 shares of the insurance provider’s stock valued at $16,104,000 after acquiring an additional 63,125 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Cincinnati Financial by 2,673.1% in the second quarter. WINTON GROUP Ltd now owns 125,869 shares of the insurance provider’s stock valued at $13,049,000 after acquiring an additional 121,330 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Cincinnati Financial by 0.3% in the second quarter. Retirement Systems of Alabama now owns 70,751 shares of the insurance provider’s stock worth $7,335,000 after buying an additional 191 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in shares of Cincinnati Financial by 1.6% in the second quarter. Curbstone Financial Management Corp now owns 6,490 shares of the insurance provider’s stock worth $673,000 after buying an additional 100 shares during the last quarter. Finally, Pennsylvania Trust Co raised its holdings in shares of Cincinnati Financial by 15.8% in the second quarter. Pennsylvania Trust Co now owns 11,465 shares of the insurance provider’s stock worth $1,189,000 after buying an additional 1,564 shares during the last quarter. Hedge funds and other institutional investors own 64.38% of the company’s stock.

CINF has been the subject of a number of research analyst reports. ValuEngine cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Buckingham Research raised their price target on shares of Cincinnati Financial from $92.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. MKM Partners raised their price target on shares of Cincinnati Financial from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Finally, BidaskClub cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $109.40.

Shares of NASDAQ CINF traded down $0.33 during midday trading on Friday, reaching $108.70. The company had a trading volume of 481,400 shares, compared to its average volume of 673,625. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Cincinnati Financial Co. has a 1 year low of $71.21 and a 1 year high of $118.19. The stock has a market cap of $17.98 billion, a P/E ratio of 32.45 and a beta of 0.61. The business’s 50-day simple moving average is $114.04 and its 200 day simple moving average is $106.82.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.19. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Cincinnati Financial had a net margin of 14.18% and a return on equity of 7.44%. Cincinnati Financial’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Analysts predict that Cincinnati Financial Co. will post 4.04 earnings per share for the current year.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiary, 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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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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