New York State Teachers Retirement System cut its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,495 shares of the insurance provider’s stock after selling 10,106 shares during the period. New York State Teachers Retirement System’s holdings in Cincinnati Financial were worth $22,133,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CINF. Hanson & Doremus Investment Management purchased a new position in Cincinnati Financial in the second quarter valued at about $40,000. Princeton Global Asset Management LLC purchased a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $41,000. Gradient Investments LLC purchased a new position in shares of Cincinnati Financial during the 2nd quarter worth approximately $46,000. Meridian Wealth Management LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter worth approximately $48,000. Finally, Parallel Advisors LLC increased its stake in shares of Cincinnati Financial by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 758 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 177 shares in the last quarter. 63.09% of the stock is owned by institutional investors.

A number of research analysts have recently weighed in on CINF shares. Credit Suisse Group cut shares of Advanced Disposal Services from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $29.00 to $33.00 in a research note on Friday, May 17th. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. MKM Partners raised their price objective on shares of Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $101.75.

Shares of CINF opened at $107.83 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50 day simple moving average is $105.44. Cincinnati Financial Co. has a 1-year low of $71.01 and a 1-year high of $108.89. The stock has a market cap of $17.60 billion, a PE ratio of 32.19 and a beta of 0.67.

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.

See Also: What is an overbought condition?

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.