Andra AP fonden lowered its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,171 shares of the insurance provider’s stock after selling 12,629 shares during the period. Andra AP fonden owned approximately 0.11% of Cincinnati Financial Corporation worth $13,260,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. McKinley Carter Wealth Services Inc. acquired a new position in shares of Cincinnati Financial Corporation during the third quarter valued at about $228,000. Canada Pension Plan Investment Board raised its holdings in shares of Cincinnati Financial Corporation by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 1,400 shares during the period. BP PLC acquired a new position in shares of Cincinnati Financial Corporation during the third quarter valued at about $1,378,000. Bollard Group LLC raised its holdings in shares of Cincinnati Financial Corporation by 6.8% during the third quarter. Bollard Group LLC now owns 38,428 shares of the insurance provider’s stock valued at $2,942,000 after purchasing an additional 2,436 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cincinnati Financial Corporation during the third quarter valued at about $1,299,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.
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Several brokerages have recently weighed in on CINF. Zacks Investment Research lowered shares of Cincinnati Financial Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 price objective on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. Finally, BidaskClub raised shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. 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 stock. Cincinnati Financial Corporation has a consensus rating of “Hold” and an average price target of $79.25.
Cincinnati Financial Corporation (CINF) traded up $1.86 during trading hours on Friday, hitting $72.57. 811,397 shares of the stock traded hands, compared to its average volume of 474,360. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98. The company has a market capitalization of $11.91 billion, a P/E ratio of 28.34 and a beta of 0.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.
Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.86 EPS. Cincinnati Financial Corporation’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts predict that Cincinnati Financial Corporation will post 2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.76%. Cincinnati Financial Corporation’s payout ratio is 66.01%.
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.
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