Cincinnati Financial Corp. (CINF) Shares Bought by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund boosted its position in shares of Cincinnati Financial Corp. (NASDAQ:CINF) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,163 shares of the company’s stock after buying an additional 7,560 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Cincinnati Financial Corp. were worth $3,331,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Exxonmobil Investment Management Inc. TX raised its stake in shares of Cincinnati Financial Corp. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 38,289 shares of the company’s stock worth $2,867,000 after buying an additional 2,277 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Cincinnati Financial Corp. by 3.6% in the second quarter. DNB Asset Management AS now owns 11,575 shares of the company’s stock worth $867,000 after buying an additional 400 shares in the last quarter. British Columbia Investment Management Corp raised its stake in shares of Cincinnati Financial Corp. by 19.0% in the second quarter. British Columbia Investment Management Corp now owns 118,485 shares of the company’s stock worth $8,873,000 after buying an additional 18,898 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of Cincinnati Financial Corp. by 10.6% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 252,238 shares of the company’s stock worth $18,890,000 after buying an additional 24,124 shares in the last quarter. Finally, Osborn Rohs Williams & Donohoe Ltd raised its stake in shares of Cincinnati Financial Corp. by 14.1% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 167,537 shares of the company’s stock worth $12,547,000 after buying an additional 20,718 shares in the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded down 0.12% during trading on Monday, hitting $76.59. The stock had a trading volume of 877,972 shares. The stock has a 50 day moving average of $72.68 and a 200 day moving average of $73.25. The firm has a market cap of $12.62 billion, a PE ratio of 19.69 and a beta of 0.82. Cincinnati Financial Corp. has a 52-week low of $53.64 and a 52-week high of $78.09.
Cincinnati Financial Corp. (NASDAQ:CINF) last posted its earnings results on Tuesday, October 25th. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. The company earned $1.40 billion during the quarter, compared to analyst estimates of $1.03 billion. Cincinnati Financial Corp. had a net margin of 11.98% and a return on equity of 8.34%. During the same period in the prior year, the business posted $1.04 earnings per share. On average, equities analysts anticipate that Cincinnati Financial Corp. will post $3.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Wednesday, December 21st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, December 19th. This represents a $1.92 annualized dividend and a yield of 2.50%. Cincinnati Financial Corp.’s dividend payout ratio (DPR) is presently 49.36%.
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Separately, Zacks Investment Research lowered Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th.
In related news, Director David P. Osborn acquired 500 shares of the stock in a transaction on Friday, November 4th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $1,358,191.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.22% of the stock is currently owned by company insiders.
Cincinnati Financial Corp. Company Profile
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.
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