Cincinnati Financial Corporation (CINF) Holdings Lifted by Regal Investment Advisors LLC

Regal Investment Advisors LLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 7.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,259 shares of the insurance provider’s stock after buying an additional 1,505 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cincinnati Financial Corporation were worth $1,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Cincinnati Financial Corporation by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,010,783 shares of the insurance provider’s stock valued at $1,232,431,000 after buying an additional 392,312 shares in the last quarter. State Street Corp grew its holdings in Cincinnati Financial Corporation by 0.6% during the 2nd quarter. State Street Corp now owns 10,126,768 shares of the insurance provider’s stock valued at $733,677,000 after buying an additional 58,443 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 valued at $214,669,000 after buying an additional 62,767 shares in the last quarter. Royal Bank of Canada grew its holdings in Cincinnati Financial Corporation by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,879,885 shares of the insurance provider’s stock valued at $136,198,000 after buying an additional 60,921 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Cincinnati Financial Corporation by 4,980.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,023,094 shares of the insurance provider’s stock valued at $74,123,000 after buying an additional 1,002,957 shares in the last quarter. 62.49% of the stock is owned by institutional investors and hedge funds.

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Shares of Cincinnati Financial Corporation (CINF) traded down $0.13 on Friday, hitting $73.46. The stock had a trading volume of 1,825,688 shares, compared to its average volume of 592,324. The company has a market cap of $12,052.73, a P/E ratio of 28.70 and a beta of 0.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial Corporation has a 12-month low of $68.24 and a 12-month high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. equities research analysts expect that Cincinnati Financial Corporation will post 2.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.72%. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 66.23%.

CINF has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Cincinnati Financial Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 price target on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. Finally, BidaskClub upgraded Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. One 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. The stock presently has an average rating of “Hold” and an average price target of $79.25.

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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