US Bancorp DE lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 948,820 shares of the insurance provider’s stock after selling 8,659 shares during the quarter. US Bancorp DE owned approximately 0.58% of Cincinnati Financial worth $72,879,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Cincinnati Financial in the 2nd quarter valued at $107,000. Trust Co. of Vermont raised its stake in Cincinnati Financial by 98.5% in the 3rd quarter. Trust Co. of Vermont now owns 1,465 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 727 shares during the period. Advisors Asset Management Inc. raised its stake in Cincinnati Financial by 3,953.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock valued at $133,000 after acquiring an additional 128,883 shares during the period. NEXT Financial Group Inc bought a new stake in Cincinnati Financial in the 3rd quarter valued at $154,000. Finally, Dupont Capital Management Corp raised its stake in Cincinnati Financial by 68.3% in the 2nd quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 1,014 shares during the period. 62.26% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. ValuEngine raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Wednesday, September 12th. Credit Suisse Group initiated coverage on Cincinnati Financial in a research note on Tuesday, August 7th. They issued an “underperform” rating and a $70.00 price objective on the stock. Finally, Sandler O’Neill reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.00.
NASDAQ:CINF opened at $78.05 on Friday. The stock has a market capitalization of $12.80 billion, a P/E ratio of 28.49 and a beta of 0.69. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a twelve month low of $66.33 and a twelve month high of $79.70.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Cincinnati Financial had a return on equity of 6.70% and a net margin of 22.61%. Equities analysts predict that Cincinnati Financial Co. will post 3.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Wednesday, September 19th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.72%. The ex-dividend date was Tuesday, September 18th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 77.37%.
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.
Recommended Story: Find a Trading Strategy That Works
Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.