Huntington National Bank decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332,740 shares of the insurance provider’s stock after selling 2,424 shares during the quarter. Huntington National Bank owned 0.20% of Cincinnati Financial Corporation worth $25,477,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CINF. OppenheimerFunds Inc. increased its holdings in Cincinnati Financial Corporation by 15.1% in the first quarter. OppenheimerFunds Inc. now owns 10,677 shares of the insurance provider’s stock valued at $772,000 after buying an additional 1,399 shares during the last quarter. Teachers Advisors LLC increased its holdings in Cincinnati Financial Corporation by 6.1% in the first quarter. Teachers Advisors LLC now owns 196,758 shares of the insurance provider’s stock valued at $14,220,000 after buying an additional 11,279 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Cincinnati Financial Corporation by 5.6% in the first quarter. Thrivent Financial For Lutherans now owns 5,498 shares of the insurance provider’s stock valued at $397,000 after buying an additional 290 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Cincinnati Financial Corporation in the first quarter valued at $311,000. Finally, Marshall Wace North America L.P. purchased a new position in Cincinnati Financial Corporation in the first quarter valued at $311,000. 62.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Corporation (NASDAQ CINF) traded up $0.30 during midday trading on Friday, reaching $73.40. 492,500 shares of the company were exchanged, compared to its average volume of 518,232. The firm has a market capitalization of $11,993.65, a price-to-earnings ratio of 28.56 and a beta of 0.91. Cincinnati Financial Corporation has a 1 year low of $68.24 and a 1 year high of $81.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29.
Cincinnati Financial Corporation (NASDAQ:CINF) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. analysts anticipate that Cincinnati Financial Corporation will post 2.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Thursday, September 21st. Cincinnati Financial Corporation’s payout ratio is currently 66.23%.
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Several equities analysts have issued reports on CINF shares. Zacks Investment Research downgraded shares of Cincinnati Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price objective on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. Finally, BidaskClub raised shares of Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.25.
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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