Rhumbline Advisers Increases Holdings in Cincinnati Financial Co. (CINF)

Rhumbline Advisers raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 306,898 shares of the insurance provider’s stock after purchasing an additional 1,707 shares during the period. Rhumbline Advisers owned 0.19% of Cincinnati Financial worth $23,008,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Shell Asset Management Co. increased its stake in shares of Cincinnati Financial by 47.0% in the 3rd quarter. Shell Asset Management Co. now owns 21,953 shares of the insurance provider’s stock worth $1,033,000 after acquiring an additional 7,018 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $222,000. First Trust Advisors LP increased its stake in shares of Cincinnati Financial by 2.7% in the 3rd quarter. First Trust Advisors LP now owns 417,407 shares of the insurance provider’s stock worth $31,961,000 after acquiring an additional 11,065 shares during the last quarter. Community Financial Services Group LLC increased its stake in shares of Cincinnati Financial by 5.4% in the 3rd quarter. Community Financial Services Group LLC now owns 29,993 shares of the insurance provider’s stock worth $2,297,000 after acquiring an additional 1,525 shares during the last quarter. Finally, Aperio Group LLC increased its stake in shares of Cincinnati Financial by 3.7% in the 3rd quarter. Aperio Group LLC now owns 43,007 shares of the insurance provider’s stock worth $3,293,000 after acquiring an additional 1,536 shares during the last quarter. Institutional investors own 63.99% of the company’s stock.

Shares of Cincinnati Financial Co. (CINF) opened at $75.80 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $12,279.39, a price-to-earnings ratio of 12.03 and a beta of 0.87. Cincinnati Financial Co. has a 52 week low of $68.49 and a 52 week high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. sell-side analysts anticipate that Cincinnati Financial Co. will post 3.3 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 31.75%.

A number of brokerages have issued reports on CINF. BidaskClub raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Cincinnati Financial in a research note on Thursday, February 8th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $74.67.

In other Cincinnati Financial news, Director Douglas S. Skidmore acquired 650 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $70.65 per share, with a total value of $45,922.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.25% of the stock is currently owned by company insiders.

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Cincinnati Financial 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 (NASDAQ:CINF)

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