Andra AP fonden decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,800 shares of the insurance provider’s stock after selling 20,700 shares during the period. Andra AP fonden owned 0.11% of Cincinnati Financial Corporation worth $13,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Cincinnati Financial Corporation by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock worth $948,595,000 after buying an additional 12,467,118 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cincinnati Financial Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock worth $1,201,018,000 after buying an additional 813,206 shares in the last quarter. State Street Corp boosted its position in shares of Cincinnati Financial Corporation by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock worth $727,642,000 after buying an additional 329,902 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock worth $26,500,000 after buying an additional 276,751 shares in the last quarter. Finally, Fairpointe Capital LLC boosted its position in shares of Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock worth $34,044,000 after buying an additional 233,867 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Cincinnati Financial Corporation (NASDAQ CINF) traded up 1.35% during mid-day trading on Friday, hitting $77.46. 331,475 shares of the stock traded hands. Cincinnati Financial Corporation has a 52 week low of $68.11 and a 52 week high of $81.98. The firm has a market cap of $12.70 billion, a P/E ratio of 22.19 and a beta of 0.89. The firm’s 50-day moving average price is $76.25 and its 200-day moving average price is $72.88.

Cincinnati Financial Corporation (NASDAQ:CINF) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.57 earnings per share. Cincinnati Financial Corporation’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.00 annualized dividend and a yield of 2.58%. Cincinnati Financial Corporation’s payout ratio is presently 57.31%.

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A number of research analysts have commented on CINF shares. Zacks Investment Research cut shares of Cincinnati Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 19th. Royal Bank Of Canada restated a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. BidaskClub cut shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, 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 note on Wednesday, May 24th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $78.75.

Cincinnati Financial Corporation Company Profile

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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