Bartlett & Co. LLC decreased its position in Cincinnati Financial Corp. (NASDAQ:CINF) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,258 shares of the company’s stock after selling 1,550 shares during the period. Bartlett & Co. LLC owned about 0.05% of Cincinnati Financial Corp. worth $6,355,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Feltz Wealth PLAN Inc. purchased a new position in Cincinnati Financial Corp. during the second quarter worth approximately $121,000. Evercore Wealth Management LLC boosted its position in Cincinnati Financial Corp. by 201.8% in the second quarter. Evercore Wealth Management LLC now owns 1,687 shares of the company’s stock worth $126,000 after buying an additional 1,128 shares during the last quarter. WFG Advisors LP boosted its position in Cincinnati Financial Corp. by 0.7% in the second quarter. WFG Advisors LP now owns 1,941 shares of the company’s stock worth $145,000 after buying an additional 14 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in Cincinnati Financial Corp. by 107.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,974 shares of the company’s stock worth $148,000 after buying an additional 1,021 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its position in Cincinnati Financial Corp. by 40.5% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,374 shares of the company’s stock worth $178,000 after buying an additional 684 shares during the last quarter. 60.37% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.07% during mid-day trading on Tuesday, reaching $76.51. 414,149 shares of the company traded hands. The stock has a 50 day moving average price of $74.38 and a 200-day moving average price of $74.33. Cincinnati Financial Corp. has a 52-week low of $53.64 and a 52-week high of $79.60. The company has a market capitalization of $12.60 billion, a P/E ratio of 19.67 and a beta of 0.85.
Cincinnati Financial Corp. (NASDAQ:CINF) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. Cincinnati Financial Corp. had a return on equity of 8.34% and a net margin of 11.98%. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $1.04 EPS. Analysts expect that Cincinnati Financial Corp. will post $3.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Wednesday, December 21st will be paid a $0.48 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.92 dividend on an annualized basis and a yield of 2.51%. Cincinnati Financial Corp.’s payout ratio is presently 49.36%.
Separately, Zacks Investment Research cut shares of Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th.
In other Cincinnati Financial Corp. news, Director David P. Osborn purchased 500 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $68.44 per share, for a total transaction of $34,220.00. Following the purchase, the director now owns 19,845 shares of the company’s stock, valued at approximately $1,358,191.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donald J. Doyle, Jr. sold 3,000 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $76.69, for a total value of $230,070.00. Following the completion of the sale, the insider now owns 27,766 shares of the company’s stock, valued at approximately $2,129,374.54. The disclosure for this sale can be found here. 9.22% of the stock is owned by company insiders.
About Cincinnati Financial Corp.
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 over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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