Cincinnati Financial Corporation (NASDAQ:CINF), saw one of its highest level Insiders increase his positioning with the company. Senior Vice President Stephen M. Spray bought 1,014 shares through 2 separate transactions at prices ranging from $41.62 to $46.59 per share.
Following the filing of this transaction, Spray now has a total of 11,911 shares directly invested in Cincinnati Financial Corporation (NASDAQ:CINF), a $7.72 billion market cap company that is engaged in property casualty insurance marketed through independent insurance agents in 39 states.
In addition, multiple hedge funds are involved with the corporation. Jean-Marie Eveillard‘s First Eagle Investment Management reported a 1% rise in its activity last quarter, now holding 9,615,811 shares worth nearly $468 million; while East Side Capital (Rr Partners), the hedge fund run by Steven Richman, saw a 65% increase in its overall involvement last quarter, and now has 2,897,800 shares worth about $141 million invested in Cincinnati Financial Corporation (NASDAQ:CINF).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.