Atlas Brown Inc. cut its stake in Cincinnati Financial Corp. (NASDAQ:CINF) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,474 shares of the company’s stock after selling 99 shares during the period. Atlas Brown Inc.’s holdings in Cincinnati Financial Corp. were worth $335,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Invictus RG boosted its position in Cincinnati Financial Corp. by 3,001.2% in the first quarter. Invictus RG now owns 2,667 shares of the company’s stock valued at $174,000 after buying an additional 2,581 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Cincinnati Financial Corp. by 4.2% in the second quarter. Quadrant Capital Group LLC now owns 2,694 shares of the company’s stock valued at $199,000 after buying an additional 109 shares in the last quarter. Calamos Advisors LLC acquired a new position in Cincinnati Financial Corp. during the second quarter valued at $200,000. Boothbay Fund Management LLC acquired a new position in Cincinnati Financial Corp. during the first quarter valued at $213,000. Finally, Capital One National Association acquired a new position in Cincinnati Financial Corp. during the second quarter valued at $231,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.37% during mid-day trading on Thursday, reaching $75.64. The company had a trading volume of 197,985 shares. The firm has a market capitalization of $12.45 billion, a PE ratio of 19.60 and a beta of 0.79. The stock’s 50-day moving average price is $75.75 and its 200 day moving average price is $71.76. Cincinnati Financial Corp. has a 52 week low of $53.64 and a 52 week high of $78.09.
Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. Cincinnati Financial Corp. had a return on equity of 9.02% and a net margin of 12.15%. Cincinnati Financial Corp.’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. On average, equities research analysts predict that Cincinnati Financial Corp. will post $3.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 21st will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, September 19th. This represents a $1.92 annualized dividend and a yield of 2.55%. Cincinnati Financial Corp.’s payout ratio is currently 49.74%.
CINF has been the subject of several recent analyst reports. Zacks Investment Research cut Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. MKM Partners boosted their price target on Cincinnati Financial Corp. from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 15th.
About Cincinnati Financial Corp.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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