Summit Financial Wealth Advisors buys $3,059,416 stake in Cincinnati Financial Corporation (CINF)

Cincinnati Financial Corporation (CINF) : Summit Financial Wealth Advisors scooped up 380 additional shares in Cincinnati Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 40,415 shares of Cincinnati Financial Corporation which is valued at $3,059,416.Cincinnati Financial Corporation makes up approximately 1.27% of Summit Financial Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Curian Capital added CINF to its portfolio by purchasing 7,363 company shares during the most recent quarter which is valued at $557,379. Cincinnati Financial Corporation makes up approx 0.04% of Curian Capital’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in CINF in the latest quarter, The investment management firm added 1,027 additional shares and now holds a total of 183,918 shares of Cincinnati Financial Corporation which is valued at $13,757,066. Cincinnati Financial Corporation makes up approx 2.67% of First Financial Bank N.a. – Trust Division’s portfolio.

Cincinnati Financial Corporation opened for trading at $76.22 and hit $76.22 on the upside on Monday, eventually ending the session at $76.16, with a gain of 0.61% or 0.46 points. The heightened volatility saw the trading volume jump to 4,40,675 shares. Company has a market cap of $12,527 M.

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 Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 66 from a previous price target of $59 .

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.

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