AMG Funds LLC grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 82.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,486 shares of the insurance provider’s stock after purchasing an additional 4,750 shares during the period. AMG Funds LLC’s holdings in Cincinnati Financial Corporation were worth $760,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Cincinnati Financial Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock worth $1,201,018,000 after purchasing an additional 813,206 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Cincinnati Financial Corporation by 1,893.0% during the 1st quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock worth $948,595,000 after purchasing an additional 12,467,118 shares during the last quarter. State Street Corp boosted its stake in shares of Cincinnati Financial Corporation by 3.4% during the 1st quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock worth $727,642,000 after purchasing an additional 329,902 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Cincinnati Financial Corporation by 2.4% during the 1st quarter. Bank of America Corp DE now owns 6,307,619 shares of the insurance provider’s stock worth $455,852,000 after purchasing an additional 149,473 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cincinnati Financial Corporation by 2.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock worth $214,669,000 after purchasing an additional 62,767 shares during the last quarter. 63.12% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports 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 reaffirmed 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $78.75.

Cincinnati Financial Corporation (NASDAQ CINF) traded up 2.85% during midday trading on Friday, hitting $75.77. 639,908 shares of the company’s stock traded hands. The company has a 50 day moving average of $77.22 and a 200-day moving average of $73.16. Cincinnati Financial Corporation has a 52 week low of $68.11 and a 52 week high of $81.98. The company has a market capitalization of $12.42 billion, a PE ratio of 21.71 and a beta of 0.89.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. Cincinnati Financial Corporation’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Equities research analysts predict that Cincinnati Financial Corporation will post $2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be paid 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 2.64%. Cincinnati Financial Corporation’s dividend payout ratio is currently 57.31%.

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Cincinnati Financial Corporation 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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