Cincinnati Financial Co. (CINF) Holdings Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 39.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,871 shares of the insurance provider’s stock after selling 94,998 shares during the period. Russell Investments Group Ltd. owned 0.09% of Cincinnati Financial worth $11,169,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Seven Eight Capital LP acquired a new position in shares of Cincinnati Financial during the second quarter worth approximately $101,000. Korea Investment CORP lifted its position in shares of Cincinnati Financial by 142.0% during the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock worth $105,000 after purchasing an additional 852 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Cincinnati Financial by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 1,400 shares in the last quarter. People s United Financial Inc. lifted its position in shares of Cincinnati Financial by 6.5% during the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 110 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Cincinnati Financial during the second quarter worth approximately $152,000. Hedge funds and other institutional investors own 65.73% of the company’s stock.

Shares of Cincinnati Financial Co. (NASDAQ:CINF) opened at $74.52 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $12,226.65, a P/E ratio of 29.11 and a beta of 0.93. Cincinnati Financial Co. has a 12 month low of $68.24 and a 12 month high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. Cincinnati Financial’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. analysts predict that Cincinnati Financial Co. will post 2.65 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.50 per share. This represents a dividend yield of 2.72%. This is an increase from Cincinnati Financial’s previous special dividend of $0.46. The ex-dividend date is Thursday, November 30th. Cincinnati Financial’s payout ratio is 66.23%.

A number of equities research analysts recently weighed in on CINF shares. Zacks Investment Research downgraded shares of Cincinnati Financial from a “buy” rating to a “sell” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 price target on shares of Cincinnati Financial in a research note on Friday, August 18th. Finally, BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $79.25.

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About Cincinnati Financial

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 (NASDAQ:CINF)

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