Cincinnati Financial Corporation (CINF) : Lynch Associatesin reduced its stake in Cincinnati Financial Corporation by 2.45% during the most recent quarter end. The investment management company now holds a total of 31,762 shares of Cincinnati Financial Corporation which is valued at $2,351,976 after selling 797 shares in Cincinnati Financial Corporation , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Cincinnati Financial Corporation makes up approximately 1.04% of Lynch Associatesin’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank reduced its stake in CINF by selling 485 shares or 83.62% in the most recent quarter. The Hedge Fund company now holds 95 shares of CINF which is valued at $7,035.
Cincinnati Financial Corporation closed down -0.62 points or -0.83% at $73.84 with 5,33,370 shares getting traded on Tuesday. Post opening the session at $74.51, the shares hit an intraday low of $73.23 and an intraday high of $74.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Cincinnati Financial Corporation reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.72. The company had revenue of $1364.00 million for the quarter, compared to analysts expectations of $1095.00 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by MKM Partners on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines Personal lines Excess and surplus lines Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company which provides life insurance disability income policies and fixed annuities and The Cincinnati Specialty Underwriters Insurance Company which offers excess and surplus lines insurance products.