Aviva PLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,190 shares of the insurance provider’s stock after buying an additional 3,755 shares during the period. Aviva PLC owned approximately 0.06% of Cincinnati Financial Corporation worth $6,680,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CINF. Sumitomo Mitsui Trust Holdings Inc. increased its position in Cincinnati Financial Corporation by 2.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 507,686 shares of the insurance provider’s stock worth $36,690,000 after buying an additional 10,190 shares during the last quarter. Welch Group LLC increased its position in Cincinnati Financial Corporation by 1.0% in the first quarter. Welch Group LLC now owns 215,197 shares of the insurance provider’s stock worth $15,552,000 after buying an additional 2,175 shares during the last quarter. State Treasurer State of Michigan increased its position in Cincinnati Financial Corporation by 0.4% in the first quarter. State Treasurer State of Michigan now owns 49,221 shares of the insurance provider’s stock worth $3,557,000 after buying an additional 200 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Cincinnati Financial Corporation by 94.2% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,232 shares of the insurance provider’s stock worth $812,000 after buying an additional 5,447 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Cincinnati Financial Corporation by 8.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,055 shares of the insurance provider’s stock worth $2,100,000 after buying an additional 2,232 shares during the last quarter. 63.12% of the stock is currently owned by institutional investors.

Shares of Cincinnati Financial Corporation (CINF) opened at 76.83 on Thursday. Cincinnati Financial Corporation has a 52 week low of $68.11 and a 52 week high of $81.98. The stock has a market capitalization of $12.60 billion, a PE ratio of 22.01 and a beta of 0.89. The company’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 issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $0.57 earnings per share. Cincinnati Financial Corporation’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that Cincinnati Financial Corporation will post $2.90 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. Cincinnati Financial Corporation’s dividend payout ratio is currently 57.31%.

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CINF has been the topic of a number of recent research reports. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $70.00 price target on Cincinnati Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $78.75.

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.

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

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