Cincinnati Financial Corp. (CINF) is First Financial Bank N.A. Trust Division’s 5th Largest Position
First Financial Bank N.A. Trust Division raised its position in shares of Cincinnati Financial Corp. (NASDAQ:CINF) by 9.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,181 shares of the company’s stock after buying an additional 18,263 shares during the period. Cincinnati Financial Corp. accounts for approximately 2.8% of First Financial Bank N.A. Trust Division’s investment portfolio, making the stock its 5th largest position. First Financial Bank N.A. Trust Division owned 0.12% of Cincinnati Financial Corp. worth $15,249,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Lenox Wealth Management Inc. increased its stake in shares of Cincinnati Financial Corp. by 0.3% in the second quarter. Lenox Wealth Management Inc. now owns 3,856 shares of the company’s stock worth $289,000 after buying an additional 13 shares in the last quarter. WFG Advisors LP increased its stake in Cincinnati Financial Corp. by 0.7% in the second quarter. WFG Advisors LP now owns 1,941 shares of the company’s stock valued at $145,000 after buying an additional 14 shares during the period. Sigma Planning Corp increased its stake in Cincinnati Financial Corp. by 0.6% in the second quarter. Sigma Planning Corp now owns 4,422 shares of the company’s stock valued at $331,000 after buying an additional 25 shares during the period. ARGI Investment Services LLC increased its stake in Cincinnati Financial Corp. by 0.5% in the second quarter. ARGI Investment Services LLC now owns 5,201 shares of the company’s stock valued at $379,000 after buying an additional 28 shares during the period. Finally, Reliance Trust Co. of Delaware increased its stake in Cincinnati Financial Corp. by 1.0% in the second quarter. Reliance Trust Co. of Delaware now owns 4,512 shares of the company’s stock valued at $338,000 after buying an additional 43 shares during the period. 60.91% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.85% during midday trading on Monday, hitting $75.10. The company had a trading volume of 781,758 shares. The firm’s 50 day moving average is $72.52 and its 200-day moving average is $72.94. Cincinnati Financial Corp. has a 52 week low of $53.64 and a 52 week high of $78.09. The firm has a market capitalization of $12.37 billion, a P/E ratio of 19.31 and a beta of 0.82.
Cincinnati Financial Corp. (NASDAQ:CINF) last issued its earnings results on Tuesday, October 25th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. Cincinnati Financial Corp. had a net margin of 11.98% and a return on equity of 8.34%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, equities research analysts expect that Cincinnati Financial Corp. will post $3.20 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th.
In other news, Director David P. Osborn purchased 500 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $68.44 per share, with a total value of $34,220.00. Following the completion of the acquisition, the director now owns 19,845 shares in the company, valued at approximately $1,358,191.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.22% of the company’s stock.
Cincinnati Financial Corp. Company Profile
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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