Cullen Frost Bankers Inc. decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 34.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,119 shares of the insurance provider’s stock after selling 580 shares during the period. Cullen Frost Bankers Inc.’s holdings in Cincinnati Financial were worth $131,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CINF. Nuveen Asset Management LLC lifted its position in shares of Cincinnati Financial by 21,659.3% during the second quarter. Nuveen Asset Management LLC now owns 877,987 shares of the insurance provider’s stock worth $91,021,000 after purchasing an additional 873,952 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Cincinnati Financial during the second quarter worth about $66,674,000. BlackRock Inc. lifted its position in shares of Cincinnati Financial by 3.1% during the second 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 last quarter. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 2.0% during the second 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 last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Cincinnati Financial by 43.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,104,890 shares of the insurance provider’s stock worth $128,906,000 after purchasing an additional 332,349 shares during the last quarter. 64.38% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on CINF. Buckingham Research increased their price target on shares of Cincinnati Financial from $92.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada increased their price objective on shares of 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. ValuEngine lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, MKM Partners increased their price objective on shares of 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’s stock. The company presently has an average rating of “Hold” and an average target price of $109.40.

NASDAQ CINF opened at $108.70 on Friday. The firm has a market capitalization of $17.98 billion, a PE ratio of 32.45 and a beta of 0.61. The company’s 50 day simple moving average is $114.04 and its 200 day simple moving average is $106.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Co. has a 12 month low of $71.21 and a 12 month high of $118.19.

Cincinnati Financial (NASDAQ:CINF) last released 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 for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Sell-side analysts anticipate that Cincinnati Financial Co. will post 4.04 earnings per share for the current fiscal 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.

Featured Story: How does a dividend reinvestment plan work?

Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.