Swiss National Bank grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 570,032 shares of the insurance provider’s stock after purchasing an additional 15,400 shares during the period. Swiss National Bank owned approximately 0.35% of Cincinnati Financial Corporation worth $41,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CINF. Korea Investment CORP raised its stake in shares of Cincinnati Financial Corporation by 142.0% during the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after purchasing an additional 852 shares during the period. Clarius Group LLC purchased a new stake in shares of Cincinnati Financial Corporation during the first quarter valued at approximately $130,000. First Manhattan Co. raised its stake in shares of Cincinnati Financial Corporation by 36.2% during the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 648 shares during the period. First Heartland Consultants Inc. purchased a new stake in shares of Cincinnati Financial Corporation during the second quarter valued at approximately $210,000. Finally, Pacer Advisors Inc. raised its stake in shares of Cincinnati Financial Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 2,916 shares of the insurance provider’s stock valued at $211,000 after purchasing an additional 88 shares during the period. Institutional investors own 63.12% of the company’s stock.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 price objective on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $78.75.

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Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at 75.12 on Thursday. Cincinnati Financial Corporation has a 52 week low of $68.11 and a 52 week high of $81.98. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 21.52 and a beta of 0.89. The company has a 50 day moving average of $77.16 and a 200-day moving average of $73.14.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company 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 company earned $0.57 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.66%. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 57.31%.

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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