Community Financial Services Group LLC Has $3.29 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Community Financial Services Group LLC grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,693 shares of the insurance provider’s stock after buying an additional 130 shares during the period. Community Financial Services Group LLC’s holdings in Cincinnati Financial were worth $3,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hanson & Doremus Investment Management bought a new position in shares of Cincinnati Financial during the second quarter worth approximately $40,000. Gradient Investments LLC bought a new position in shares of Cincinnati Financial during the second quarter worth approximately $46,000. Meridian Wealth Management LLC bought a new position in shares of Cincinnati Financial during the first quarter worth approximately $48,000. Parallel Advisors LLC increased its stake in shares of Cincinnati Financial by 30.5% during the first quarter. Parallel Advisors LLC now owns 758 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 177 shares during the period. Finally, Clarus Wealth Advisors increased its stake in shares of Cincinnati Financial by 47.6% during the second quarter. Clarus Wealth Advisors now owns 766 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 247 shares during the period. 63.09% of the stock is owned by institutional investors.

Cincinnati Financial stock traded down $0.04 during mid-day trading on Friday, reaching $106.25. 744,162 shares of the company were exchanged, compared to its average volume of 724,031. The firm’s fifty day simple moving average is $106.02. Cincinnati Financial Co. has a 12 month low of $71.01 and a 12 month high of $109.18. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 31.72 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.21. Cincinnati Financial had a return on equity of 7.17% and a net margin of 18.28%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s revenue was up 22.8% on a year-over-year basis. As a group, research analysts expect that Cincinnati Financial Co. will post 3.6 EPS for the current year.

A number of equities analysts have recently weighed in on CINF shares. BidaskClub lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. MKM Partners reiterated a “buy” rating and set a $120.00 target price (up previously from $100.00) on shares of Cincinnati Financial in a research note on Friday, May 24th. Credit Suisse Group upgraded Cincinnati Financial from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a research note on Friday, May 17th. Royal Bank of Canada increased their target price on Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a research note on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $102.40.

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.

See Also: 12b-1 Fees

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

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.