Advisor Group Inc. Boosts Position in Cincinnati Financial Corporation (CINF)

Advisor Group Inc. boosted its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 10.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,522 shares of the insurance provider’s stock after purchasing an additional 1,204 shares during the period. Advisor Group Inc.’s holdings in Cincinnati Financial Corporation were worth $959,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Seven Eight Capital LP acquired a new position in shares of Cincinnati Financial Corporation in the second quarter worth $101,000. Canada Pension Plan Investment Board grew its stake in shares of Cincinnati Financial Corporation by 12,727.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares in the last quarter. Korea Investment CORP grew its stake in shares of Cincinnati Financial Corporation by 142.0% in the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 852 shares in the last quarter. People s United Financial Inc. grew its stake in shares of Cincinnati Financial Corporation by 6.5% in the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 110 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new position in shares of Cincinnati Financial Corporation in the second quarter worth $152,000. Hedge funds and other institutional investors own 62.24% of the company’s stock.

Cincinnati Financial Corporation (NASDAQ:CINF) opened at $73.80 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $12,050.00, a price-to-earnings ratio of 28.69 and a beta of 0.92. 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 earnings results on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.93% and a return on equity of 5.85%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. analysts expect that Cincinnati Financial Corporation will post 2.65 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 2.72%. This is an increase from Cincinnati Financial Corporation’s previous special dividend of $0.46. Cincinnati Financial Corporation’s payout ratio is presently 66.01%.

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CINF has been the subject of several research reports. Zacks Investment Research downgraded shares of Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price target on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $79.25.

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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Institutional Ownership by Quarter for Cincinnati Financial Corporation (NASDAQ:CINF)

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