Barings LLC Has $973,000 Stake in Cincinnati Financial Corporation (CINF)

Barings LLC continued to hold its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,463 shares of the insurance provider’s stock at the end of the second quarter. Barings LLC’s holdings in Cincinnati Financial Corporation were worth $973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Cincinnati Financial Corporation by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,879,885 shares of the insurance provider’s stock valued at $136,198,000 after buying an additional 60,921 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Cincinnati Financial Corporation by 17.7% during the 2nd quarter. HighTower Advisors LLC now owns 27,069 shares of the insurance provider’s stock valued at $1,959,000 after buying an additional 4,061 shares during the period. People s United Financial Inc. lifted its holdings in shares of Cincinnati Financial Corporation by 6.5% during the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after buying an additional 110 shares during the period. Stifel Financial Corp lifted its holdings in shares of Cincinnati Financial Corporation by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 81,858 shares of the insurance provider’s stock valued at $5,949,000 after buying an additional 1,467 shares during the period. Finally, Legg Mason Asset Management Japan Co. Ltd. bought a new position in shares of Cincinnati Financial Corporation during the 2nd quarter valued at $297,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) opened at 76.94 on Thursday. The stock has a 50 day moving average price of $76.41 and a 200 day moving average price of $73.64. Cincinnati Financial Corporation has a 1-year low of $68.11 and a 1-year high of $81.98. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 22.05 and a beta of 0.90.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Equities research analysts anticipate that Cincinnati Financial Corporation will post $2.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. Cincinnati Financial Corporation’s dividend payout ratio is presently 57.31%.

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Several equities analysts have recently weighed in on CINF shares. BidaskClub cut Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price objective on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cincinnati Financial Corporation has an average rating of “Hold” and an average target price of $79.25.

Cincinnati Financial Corporation Company Profile

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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

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