Cincinnati Casualty Co adds PNC Financial Services Group Inc (PNC) to its portfolio

PNC Financial Services Group Inc (PNC) : Cincinnati Casualty Co added new position in PNC Financial Services Group Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of PNC Financial Services Group Inc which is valued at $855,000 , the company said in a statement filed on Aug 9, 2016 with the SEC.PNC Financial Services Group Inc makes up approximately 0.85% of Cincinnati Casualty Co’s portfolio.

Other Hedge Funds, Including , Psagot Investment House Ltd. boosted its stake in PNC in the latest quarter, The investment management firm added 5,800 additional shares and now holds a total of 49,200 shares of PNC Financial Services Group Inc which is valued at $4,206,600. PNC Financial Services Group Inc makes up approx 0.17% of Psagot Investment House Ltd.’s portfolio.State Treasurer State Of Michigan boosted its stake in PNC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 173,492 shares of PNC Financial Services Group Inc which is valued at $14,547,304. PNC Financial Services Group Inc makes up approx 0.11% of State Treasurer State Of Michigan’s portfolio.Nippon Life Insurance Co reduced its stake in PNC by selling 13,820 shares or 34.33% in the most recent quarter. The Hedge Fund company now holds 26,433 shares of PNC which is valued at $2,216,407. PNC Financial Services Group Inc makes up approx 0.05% of Nippon Life Insurance Co’s portfolio. Lmr Partners Llp sold out all of its stake in PNC during the most recent quarter. The investment firm sold 27,014 shares of PNC which is valued $2,232,707.Shell Asset Management Co boosted its stake in PNC in the latest quarter, The investment management firm added 11,198 additional shares and now holds a total of 63,251 shares of PNC Financial Services Group Inc which is valued at $5,225,798. PNC Financial Services Group Inc makes up approx 0.12% of Shell Asset Management Co’s portfolio.

PNC Financial Services Group Inc opened for trading at $85.65 and hit $85.96 on the upside on Wednesday, eventually ending the session at $85.78, with a gain of 0.13% or 0.11 points. The heightened volatility saw the trading volume jump to 15,10,827 shares. Company has a market cap of $42,153 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.75. The company had revenue of $3794.00 million for the quarter, compared to analysts expectations of $3826.61 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.88 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. Shares were Upgraded by Nomura on Jul 7, 2016 to ” Buy” and Lowered the Price Target to $ 84 from a previous price target of $95 .

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located in Pennsylvania Ohio New Jersey Michigan Illinois Maryland Indiana North Carolina Florida Kentucky Washington D.C. Delaware Virginia Alabama Missouri Georgia Wisconsin and South Carolina. The Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

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