Keybank National Association OH Sells 63,438 Shares of Cincinnati Financial Corporation (CINF)
Keybank National Association OH decreased its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 7.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 814,255 shares of the insurance provider’s stock after selling 63,438 shares during the quarter. Keybank National Association OH owned approximately 0.50% of Cincinnati Financial Corporation worth $62,347,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Cincinnati Financial Corporation by 2.2% in the second quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock worth $214,669,000 after buying an additional 62,767 shares during the last quarter. Prudential Financial Inc. raised its holdings in Cincinnati Financial Corporation by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 226,607 shares of the insurance provider’s stock worth $16,418,000 after purchasing an additional 2,620 shares during the period. Principal Financial Group Inc. raised its holdings in Cincinnati Financial Corporation by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 229,708 shares of the insurance provider’s stock worth $16,643,000 after purchasing an additional 2,762 shares during the period. Schulhoff & Co. Inc. raised its holdings in Cincinnati Financial Corporation by 0.3% in the 2nd quarter. Schulhoff & Co. Inc. now owns 63,477 shares of the insurance provider’s stock worth $4,598,000 after purchasing an additional 200 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Cincinnati Financial Corporation by 19.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,267 shares of the insurance provider’s stock worth $2,845,000 after purchasing an additional 6,440 shares during the period. Hedge funds and other institutional investors own 62.74% of the company’s stock.
Cincinnati Financial Corporation (NASDAQ:CINF) traded up $0.70 during midday trading on Tuesday, reaching $73.27. The company had a trading volume of 527,531 shares, compared to its average volume of 502,205. The firm has a market cap of $12,120.00, a PE ratio of 28.35 and a beta of 0.92. Cincinnati Financial Corporation has a 12 month low of $68.18 and a 12 month high of $81.98. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11.
Cincinnati Financial Corporation (NASDAQ:CINF) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. equities analysts anticipate that Cincinnati Financial Corporation will post 2.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.73%. Cincinnati Financial Corporation’s payout ratio is currently 66.01%.
A number of research firms recently weighed in on CINF. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $70.00 price target on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $79.25.
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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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