Cincinnati Financial (NASDAQ:CINF) Holdings Boosted by OppenheimerFunds Inc.

OppenheimerFunds Inc. grew its position in Cincinnati Financial (NASDAQ:CINF) by 17.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,899 shares of the insurance provider’s stock after buying an additional 2,069 shares during the period. OppenheimerFunds Inc.’s holdings in Cincinnati Financial were worth $1,042,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its stake in Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 1,400 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Cincinnati Financial during the 4th quarter valued at approximately $139,000. Centiva Capital LP acquired a new stake in Cincinnati Financial during the 4th quarter valued at approximately $201,000. Magnetar Financial LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at approximately $219,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at approximately $225,000. Institutional investors and hedge funds own 63.34% of the company’s stock.

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Shares of CINF stock traded down $1.35 on Friday, hitting $73.00. 743,838 shares of the stock traded hands, compared to its average volume of 621,223. Cincinnati Financial has a twelve month low of $68.49 and a twelve month high of $81.98. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10. The stock has a market cap of $11,978.57, a price-to-earnings ratio of 26.64 and a beta of 0.84.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. Cincinnati Financial’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. equities research analysts predict that Cincinnati Financial will post 3.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, March 20th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 2.90%. Cincinnati Financial’s dividend payout ratio is 77.37%.

In other Cincinnati Financial news, Director Douglas S. Skidmore purchased 650 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $70.65 per share, for a total transaction of $45,922.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.25% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Friday, March 30th. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Royal Bank of Canada reissued a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.67.

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Cincinnati Financial Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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

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