Symmetry Partners LLC Buys 423 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Symmetry Partners LLC raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,511 shares of the insurance provider’s stock after buying an additional 423 shares during the quarter. Symmetry Partners LLC’s holdings in Cincinnati Financial were worth $410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. increased its holdings in Cincinnati Financial by 50.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,486 shares of the insurance provider’s stock worth $16,104,000 after buying an additional 63,125 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Cincinnati Financial by 2,673.1% during the second quarter. WINTON GROUP Ltd now owns 125,869 shares of the insurance provider’s stock worth $13,049,000 after buying an additional 121,330 shares during the last quarter. Retirement Systems of Alabama increased its holdings in Cincinnati Financial by 0.3% during 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 increased its holdings in Cincinnati Financial by 1.6% during 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 increased its holdings in Cincinnati Financial by 15.8% during 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. 64.38% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial stock traded down $0.36 during mid-day trading on Friday, hitting $108.67. The company’s stock had a trading volume of 26,080 shares, compared to its average volume of 650,453. The firm has a market capitalization of $17.98 billion, a PE ratio of 32.41 and a beta of 0.61. Cincinnati Financial Co. has a 1 year low of $71.21 and a 1 year high of $118.19. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $114.16 and its two-hundred day moving average is $106.70.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.19. Cincinnati Financial had a return on equity of 7.44% and a net margin of 14.18%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. On average, equities analysts expect that Cincinnati Financial Co. will post 4.04 EPS for the current fiscal year.

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

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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