Macquarie Group Ltd. Maintains Holdings in Cincinnati Financial Corporation (CINF)

Macquarie Group Ltd. continued to hold its position in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,600 shares of the insurance provider’s stock at the end of the 2nd quarter. Macquarie Group Ltd.’s holdings in Cincinnati Financial Corporation were worth $261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital One National Association increased its stake in Cincinnati Financial Corporation by 0.9% in the 2nd quarter. Capital One National Association now owns 3,648 shares of the insurance provider’s stock worth $264,000 after acquiring an additional 31 shares during the last quarter. Sigma Planning Corp increased its stake in Cincinnati Financial Corporation by 1.2% in the 2nd quarter. Sigma Planning Corp now owns 3,305 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 39 shares during the last quarter. Moon Capital Management LLC increased its position in shares of Cincinnati Financial Corporation by 0.7% during the 2nd quarter. Moon Capital Management LLC now owns 6,198 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 43 shares during the last quarter. Washington Trust Bank increased its position in shares of Cincinnati Financial Corporation by 1.0% during the 2nd quarter. Washington Trust Bank now owns 4,861 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 47 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Cincinnati Financial Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 15,406 shares of the insurance provider’s stock valued at $1,116,000 after purchasing an additional 49 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on CINF shares. Zacks Investment Research downgraded Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.25.

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Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.76%. Cincinnati Financial Corporation’s payout ratio is 66.23%.

Cincinnati Financial Corporation 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.

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

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