Robeco Institutional Asset Management B.V. Buys 141,361 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 22.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 772,541 shares of the insurance provider’s stock after acquiring an additional 141,361 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.47% of Cincinnati Financial worth $80,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of CINF. Lynch & Associates IN raised its position in shares of Cincinnati Financial by 7.1% in the second quarter. Lynch & Associates IN now owns 3,584 shares of the insurance provider’s stock worth $372,000 after acquiring an additional 239 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Cincinnati Financial by 11.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 32,603 shares of the insurance provider’s stock valued at $3,380,000 after purchasing an additional 3,454 shares during the period. Bristlecone Advisors LLC acquired a new position in shares of Cincinnati Financial in the 2nd quarter valued at approximately $232,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Cincinnati Financial by 51.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,063 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 700 shares during the period. Finally, Hurlow Wealth Management Group Inc. grew its position in shares of Cincinnati Financial by 27.4% in the 2nd quarter. Hurlow Wealth Management Group Inc. now owns 6,040 shares of the insurance provider’s stock valued at $653,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 63.09% of the company’s stock.

Shares of CINF stock traded up $0.22 on Wednesday, hitting $106.09. 38,700 shares of the company’s stock were exchanged, compared to its average volume of 605,848. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a 12 month low of $71.01 and a 12 month high of $108.89. The company has a market capitalization of $17.60 billion, a PE ratio of 31.65 and a beta of 0.67. The stock’s 50 day moving average is $105.78.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.64 by $0.21. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.51 billion. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. As a group, analysts predict that Cincinnati Financial Co. will post 3.5 EPS for the current fiscal year.

Several brokerages recently issued reports on CINF. BidaskClub lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. MKM Partners restated a “buy” rating and issued 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 boosted their target price for the company from $90.00 to $110.00 in a research note on Friday, May 17th. Finally, Zacks Investment Research cut Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.75.

Cincinnati Financial Company 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.

Further Reading: What is the balance sheet?

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

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