McKinley Carter Wealth Services Inc. Purchases New Holdings in Cincinnati Financial Corporation (CINF)

McKinley Carter Wealth Services Inc. purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,983 shares of the insurance provider’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. OppenheimerFunds Inc. increased its holdings in shares of Cincinnati Financial Corporation by 15.1% in the 1st quarter. OppenheimerFunds Inc. now owns 10,677 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 1,399 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Cincinnati Financial Corporation by 6.1% in the 1st quarter. Teachers Advisors LLC now owns 196,758 shares of the insurance provider’s stock valued at $14,220,000 after purchasing an additional 11,279 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Cincinnati Financial Corporation by 5.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,498 shares of the insurance provider’s stock valued at $397,000 after purchasing an additional 290 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Cincinnati Financial Corporation in the 1st quarter valued at about $311,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Cincinnati Financial Corporation in the 1st quarter valued at about $311,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

A number of brokerages have recently issued reports on CINF. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $70.00 price target on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Cincinnati Financial Corporation has an average rating of “Hold” and a consensus price target of $79.25.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial Corporation had a net margin of 8.93% and a return on equity of 5.85%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up .7% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Thursday, September 21st. Cincinnati Financial Corporation’s dividend payout ratio is currently 66.23%.

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About Cincinnati Financial Corporation

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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