Cincinnati Financial Corp. (NASDAQ:CINF) announced a quarterly dividend on Friday, November 18th. Investors of record on Wednesday, December 21st will be given a dividend of 0.48 per share on Sunday, January 17th. This represents a $1.92 dividend on an annualized basis and a yield of 2.59%.

Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.88% during mid-day trading on Friday, reaching $74.67. The company had a trading volume of 270,596 shares. The stock’s 50-day moving average is $72.58 and its 200 day moving average is $72.89. Cincinnati Financial Corp. has a 12 month low of $53.64 and a 12 month high of $78.09. The firm has a market capitalization of $12.30 billion, a P/E ratio of 19.20 and a beta of 0.82.

Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Cincinnati Financial Corp. had a return on equity of 8.34% and a net margin of 11.98%. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. On average, analysts predict that Cincinnati Financial Corp. will post $3.20 earnings per share for the current fiscal year.

Dividend History for Cincinnati Financial Corp. (NASDAQ:CINF)

In other news, Director David P. Osborn acquired 500 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was acquired at an average price of $68.44 per share, for a total transaction of $34,220.00. Following the completion of the acquisition, the director now directly owns 19,845 shares in the company, valued at approximately $1,358,191.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 9.22% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Cincinnati Financial Corp. by 5.7% in the second quarter. BlackRock Inc. now owns 631,515 shares of the company’s stock valued at $47,295,000 after buying an additional 33,920 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Cincinnati Financial Corp. by 7.4% in the second quarter. BlackRock Group LTD now owns 1,536,535 shares of the company’s stock valued at $115,071,000 after buying an additional 106,023 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Cincinnati Financial Corp. by 333.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,089 shares of the company’s stock valued at $306,000 after buying an additional 3,146 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in shares of Cincinnati Financial Corp. by 3.6% in the second quarter. BlackRock Japan Co. Ltd now owns 198,135 shares of the company’s stock valued at $14,838,000 after buying an additional 6,883 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Cincinnati Financial Corp. during the second quarter valued at approximately $223,000. Institutional investors and hedge funds own 60.76% of the company’s stock.

Separately, Zacks Investment Research upgraded Cincinnati Financial Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th.

About Cincinnati Financial Corp.

Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.

5 Day Chart for NASDAQ:CINF

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