Lenox Wealth Management Inc. Buys 2,594 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Lenox Wealth Management Inc. raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 183.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,009 shares of the insurance provider’s stock after acquiring an additional 2,594 shares during the period. Lenox Wealth Management Inc.’s holdings in Cincinnati Financial were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Cincinnati Financial by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,879,406 shares of the insurance provider’s stock worth $1,957,228,000 after purchasing an additional 371,070 shares during the period. BlackRock Inc. raised its stake in shares of Cincinnati Financial by 3.1% during the 2nd quarter. BlackRock Inc. now owns 13,293,456 shares of the insurance provider’s stock worth $1,378,132,000 after purchasing an additional 398,543 shares during the period. Northern Trust Corp raised its stake in shares of Cincinnati Financial by 0.6% during the 2nd quarter. Northern Trust Corp now owns 1,967,513 shares of the insurance provider’s stock worth $203,972,000 after purchasing an additional 11,845 shares during the period. California Public Employees Retirement System raised its stake in shares of Cincinnati Financial by 8.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,266,503 shares of the insurance provider’s stock worth $147,763,000 after purchasing an additional 98,997 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Cincinnati Financial by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,152,515 shares of the insurance provider’s stock worth $119,481,000 after purchasing an additional 31,077 shares during the period. Institutional investors own 64.38% of the company’s stock.

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

CINF traded down $0.33 during trading hours on Friday, hitting $108.70. The stock had a trading volume of 481,400 shares, compared to its average volume of 673,625. The company’s fifty day simple moving average is $114.04 and its 200 day simple moving average is $106.82. The stock has a market cap of $17.98 billion, a PE ratio of 32.45 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 quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.09.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.19. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cincinnati Financial had a return on equity of 7.44% and a net margin of 14.18%. Cincinnati Financial’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, equities analysts expect that Cincinnati Financial Co. will post 4.04 EPS for the current year.

Cincinnati Financial 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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