Mackay Shields LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 21.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,796 shares of the insurance provider’s stock after selling 10,903 shares during the quarter. Mackay Shields LLC’s holdings in Cincinnati Financial were worth $4,760,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in shares of Cincinnati Financial during the second quarter worth $25,000. Kavar Capital Partners LLC purchased a new stake in Cincinnati Financial during the second quarter valued at $26,000. Virtus ETF Advisers LLC purchased a new stake in Cincinnati Financial during the second quarter valued at $29,000. CSat Investment Advisory L.P. raised its stake in Cincinnati Financial by 42.3% during the second quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 113 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Cincinnati Financial during the second quarter valued at $40,000. Hedge funds and other institutional investors own 64.38% of the company’s stock.

A number of research firms recently issued reports on CINF. ValuEngine downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Buckingham Research upped their price target 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. BidaskClub downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada upped their price target 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 upped their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $109.40.

Cincinnati Financial stock traded down $0.33 during mid-day trading on Friday, reaching $108.70. 481,400 shares of the company’s stock traded hands, compared to its average volume of 673,625. 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 Co. has a 12-month low of $71.21 and a 12-month high of $118.19. The stock has a 50 day moving average of $114.04 and a two-hundred day moving average of $106.82. The company has a market cap of $17.98 billion, a price-to-earnings ratio of 32.45 and a beta of 0.61.

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. Cincinnati Financial had a net margin of 14.18% and a return on equity of 7.44%. 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 business earned $0.84 EPS. The company’s revenue was down 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 4.04 earnings per share for the current year.

About Cincinnati Financial

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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