Great West Life Assurance Co. Can cut its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 128,800 shares of the insurance provider’s stock after selling 2,518 shares during the period. Great West Life Assurance Co. Can’s holdings in Cincinnati Financial Corporation were worth $9,321,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CINF. Clarius Group LLC bought a new position in shares of Cincinnati Financial Corporation during the first quarter worth approximately $130,000. MCF Advisors LLC boosted its stake in Cincinnati Financial Corporation by 2.4% in the first quarter. MCF Advisors LLC now owns 2,243 shares of the insurance provider’s stock worth $162,000 after buying an additional 52 shares in the last quarter. First Manhattan Co. boosted its stake in Cincinnati Financial Corporation by 36.2% in the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock worth $183,000 after buying an additional 648 shares in the last quarter. First Heartland Consultants Inc. acquired a new stake in Cincinnati Financial Corporation during the second quarter worth approximately $210,000. Finally, Pacer Advisors Inc. boosted its stake in Cincinnati Financial Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,916 shares of the insurance provider’s stock worth $211,000 after buying an additional 88 shares in the last quarter. 63.03% of the stock is currently owned by institutional investors.

Shares of Cincinnati Financial Corporation (CINF) opened at 79.62 on Friday. The firm’s 50-day moving average price is $74.56 and its 200-day moving average price is $72.30. The company has a market capitalization of $13.06 billion, a PE ratio of 22.81 and a beta of 0.89. Cincinnati Financial Corporation has a 12-month low of $68.11 and a 12-month high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect that Cincinnati Financial Corporation will post $2.90 EPS for the current fiscal year.

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A number of equities research analysts have commented on CINF shares. BidaskClub cut Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $70.00 price target on Cincinnati Financial Corporation and gave the company a “hold” rating in a report on Wednesday, May 24th. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial Corporation in a report on Monday, May 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $78.75.

Cincinnati Financial Corporation Company Profile

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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Institutional Ownership by Quarter for Cincinnati Financial Corporation (NASDAQ:CINF)

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