Delta Investment Management LLC Has $2.21 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Delta Investment Management LLC reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,916 shares of the insurance provider’s stock after selling 3,703 shares during the quarter. Cincinnati Financial comprises 1.2% of Delta Investment Management LLC’s portfolio, making the stock its 25th biggest holding. Delta Investment Management LLC’s holdings in Cincinnati Financial were worth $2,206,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CINF. Amundi Pioneer Asset Management Inc. grew its position in shares of 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 purchasing an additional 63,125 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of 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 purchasing an additional 121,330 shares during the last quarter. Retirement Systems of Alabama lifted its stake 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 valued at $7,335,000 after buying an additional 191 shares during the period. Curbstone Financial Management Corp lifted its stake 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 valued at $673,000 after buying an additional 100 shares during the period. Finally, Pennsylvania Trust Co lifted its stake 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 valued at $1,189,000 after buying an additional 1,564 shares during the period. 64.38% of the stock is currently owned by institutional investors.

NASDAQ CINF opened at $108.70 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $17.98 billion, a PE ratio of 32.45 and a beta of 0.61. The firm has a 50-day simple moving average of $114.04 and a 200 day simple moving average of $106.82. Cincinnati Financial Co. has a twelve month low of $71.21 and a twelve month high of $118.19.

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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, beating analysts’ consensus estimates of $0.89 by $0.19. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.53 billion. Cincinnati Financial had a net margin of 14.18% and a return on equity of 7.44%. Cincinnati Financial’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Research analysts forecast that Cincinnati Financial Co. will post 4.04 earnings per share for the current fiscal year.

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