Cincinnati Financial Corporation $CINF Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 134,795 shares of the insurance provider’s stock after selling 4,101 shares during the quarter. New York State Teachers Retirement System’s holdings in Cincinnati Financial were worth $22,015,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in Cincinnati Financial in the fourth quarter worth about $25,000. LRI Investments LLC acquired a new position in Cincinnati Financial in the third quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth about $30,000. Quent Capital LLC acquired a new position in Cincinnati Financial in the third quarter worth about $34,000. Finally, Oakworth Capital Inc. acquired a new position in Cincinnati Financial in the fourth quarter worth about $46,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $162.05 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $162.69 and a two-hundred day moving average of $162.52. Cincinnati Financial Corporation has a 52 week low of $140.47 and a 52 week high of $174.27. The company has a market cap of $25.07 billion, a P/E ratio of 9.27, a PEG ratio of 3.58 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the firm posted ($0.24) earnings per share. Cincinnati Financial’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Cincinnati Financial Corporation will post 8.59 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on CINF. Bank of America decreased their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings upgraded Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $178.75.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.