Janney Montgomery Scott LLC Has $993,000 Position in Cincinnati Financial Corporation (NASDAQ:CINF)
Janney Montgomery Scott LLC cut its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 14.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,707 shares of the insurance provider’s stock after selling 2,405 shares during the period. Janney Montgomery Scott LLC’s holdings in Cincinnati Financial Corporation were worth $993,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of CINF. BlackRock Inc. boosted its stake in Cincinnati Financial Corporation by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock worth $948,595,000 after buying an additional 12,467,118 shares in the last quarter. Vanguard Group Inc. boosted its stake in Cincinnati Financial Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock worth $1,201,018,000 after buying an additional 813,206 shares in the last quarter. State Street Corp boosted its stake in Cincinnati Financial Corporation by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock worth $727,642,000 after buying an additional 329,902 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock worth $26,500,000 after buying an additional 276,751 shares in the last quarter. Finally, Fairpointe Capital LLC boosted its stake in Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock worth $34,044,000 after buying an additional 233,867 shares in the last quarter. Institutional investors own 63.03% of the company’s stock.
Cincinnati Financial Corporation (NASDAQ CINF) opened at 79.00 on Friday. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 22.64 and a beta of 0.89. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98. The firm’s 50 day moving average price is $74.78 and its 200 day moving average price is $72.37.
Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Corporation will post $2.90 earnings per share for the current year.
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CINF has been the topic of a number of analyst reports. Zacks Investment Research cut Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Royal Bank Of Canada restated a “hold” rating and issued a $72.00 price target on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. BidaskClub cut Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Keefe, Bruyette & Woods set a $70.00 price target on Cincinnati Financial Corporation and gave the company a “hold” rating in a research note on Wednesday, May 24th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $78.75.
About Cincinnati Financial Corporation
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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