Hills Bank & Trust Co. held its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,950 shares of the insurance provider’s stock at the end of the second quarter. Hills Bank & Trust Co.’s holdings in Cincinnati Financial Corporation were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. First Financial Bank Trust Division increased its position in Cincinnati Financial Corporation by 3.2% in the second quarter. First Financial Bank Trust Division now owns 201,100 shares of the insurance provider’s stock worth $14,570,000 after buying an additional 6,160 shares during the last quarter. GW&K Investment Management LLC increased its position in Cincinnati Financial Corporation by 2.7% in the second quarter. GW&K Investment Management LLC now owns 517,989 shares of the insurance provider’s stock worth $37,528,000 after buying an additional 13,454 shares during the last quarter. Bank of Montreal Can increased its position in Cincinnati Financial Corporation by 23.6% in the second quarter. Bank of Montreal Can now owns 153,916 shares of the insurance provider’s stock worth $11,153,000 after buying an additional 29,408 shares during the last quarter. Iberiabank Corp increased its position in Cincinnati Financial Corporation by 3.1% in the second quarter. Iberiabank Corp now owns 46,617 shares of the insurance provider’s stock worth $3,377,000 after buying an additional 1,384 shares during the last quarter. Finally, Capital One National Association increased its position in Cincinnati Financial Corporation by 0.9% in the second quarter. Capital One National Association now owns 3,648 shares of the insurance provider’s stock worth $264,000 after buying an additional 31 shares during the last quarter. 63.07% of the stock is owned by institutional investors.

Shares of Cincinnati Financial Corporation (CINF) traded down 0.27% during mid-day trading on Friday, reaching $80.30. 549,473 shares of the company traded hands. The stock has a market capitalization of $13.16 billion, a PE ratio of 23.01 and a beta of 0.89. The stock’s 50 day moving average is $73.22 and its 200 day moving average is $71.86. Cincinnati Financial Corporation has a 52-week low of $68.11 and a 52-week high of $81.14.

Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, analysts anticipate that Cincinnati Financial Corporation will post $2.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Wednesday, June 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Monday, June 19th. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 57.31%.

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A number of research firms have recently issued reports on CINF. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods set a $70.00 price target on shares of Cincinnati Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $72.00 price target on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $78.75.

In other Cincinnati Financial Corporation news, Director David P. Osborn purchased 1,925 shares of the stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $70.00 per share, with a total value of $134,750.00. Following the acquisition, the director now directly owns 21,542 shares of the company’s stock, valued at approximately $1,507,940. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 9.25% of the company’s stock.

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.

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

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