Viking Fund Management LLC held its position in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,000 shares of the insurance provider’s stock at the end of the second quarter. Viking Fund Management LLC’s holdings in Cincinnati Financial Corporation were worth $1,956,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dynamic Advisors Solutions LLC increased its stake in Cincinnati Financial Corporation by 0.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,304 shares of the insurance provider’s stock worth $311,000 after buying an additional 19 shares during the period. Gulf International Bank UK Ltd increased its stake in Cincinnati Financial Corporation by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 47,697 shares of the insurance provider’s stock worth $3,447,000 after buying an additional 800 shares during the period. GW&K Investment Management LLC increased its stake in Cincinnati Financial Corporation by 4.4% in the first quarter. GW&K Investment Management LLC now owns 504,535 shares of the insurance provider’s stock worth $36,463,000 after buying an additional 21,347 shares during the period. Creative Planning increased its stake in Cincinnati Financial Corporation by 6.6% in the first quarter. Creative Planning now owns 8,175 shares of the insurance provider’s stock worth $591,000 after buying an additional 506 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. increased its stake in Cincinnati Financial Corporation by 53.9% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 20,046 shares of the insurance provider’s stock worth $1,449,000 after buying an additional 7,020 shares during the period. 63.07% of the stock is currently owned by institutional investors.
Shares of Cincinnati Financial Corporation (NASDAQ CINF) traded up 0.73% during midday trading on Monday, hitting $76.36. 149,901 shares of the stock were exchanged. Cincinnati Financial Corporation has a 52-week low of $68.11 and a 52-week high of $79.60. The firm’s 50-day moving average is $73.00 and its 200 day moving average is $71.81. The firm has a market cap of $12.58 billion, a PE ratio of 21.03 and a beta of 0.88.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Wednesday, June 21st were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.62%. Cincinnati Financial Corporation’s dividend payout ratio is currently 55.10%.
A number of analysts recently issued reports on CINF shares. BidaskClub downgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Zacks Investment Research downgraded shares of Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Keefe, Bruyette & Woods set a $70.00 target price on shares of Cincinnati Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.75.
In other news, Director David P. Osborn bought 1,925 shares of the stock in a transaction dated Monday, May 8th. The stock was purchased at an average cost of $70.00 per share, for a total transaction of $134,750.00. Following the transaction, the director now owns 21,542 shares of the company’s stock, valued at $1,507,940. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 9.25% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Cincinnati Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
