Parthenon LLC Has $302,000 Position in Cincinnati Financial Corp. (CINF)
Parthenon LLC continued to hold its stake in Cincinnati Financial Corp. (NASDAQ:CINF) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,033 shares of the company’s stock at the end of the second quarter. Parthenon LLC’s holdings in Cincinnati Financial Corp. were worth $302,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in CINF. Invictus RG boosted its stake in shares of Cincinnati Financial Corp. by 3,001.2% in the first quarter. Invictus RG now owns 2,667 shares of the company’s stock worth $174,000 after buying an additional 2,581 shares during the period. Boothbay Fund Management LLC acquired a new position in Cincinnati Financial Corp. during the first quarter worth approximately $213,000. Capital One National Association acquired a new position in Cincinnati Financial Corp. during the second quarter worth approximately $231,000. Fox Run Management L.L.C. acquired a new position in Cincinnati Financial Corp. during the second quarter worth approximately $232,000. Finally, First Merchants Corp acquired a new position in Cincinnati Financial Corp. during the second quarter worth approximately $232,000. 61.38% of the stock is owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded up 1.08% on Wednesday, hitting $75.57. 498,298 shares of the stock were exchanged. Cincinnati Financial Corp. has a one year low of $52.63 and a one year high of $78.09. The firm’s 50 day moving average price is $76.12 and its 200 day moving average price is $70.74. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 19.58 and a beta of 0.78.
Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.14. The business earned $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. Cincinnati Financial Corp. had a net margin of 12.15% and a return on equity of 9.02%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. Equities analysts anticipate that Cincinnati Financial Corp. will post $3.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Monday, September 19th. Cincinnati Financial Corp.’s payout ratio is 49.74%.
CINF has been the topic of a number of recent research reports. MKM Partners lifted their price objective on shares of Cincinnati Financial Corp. from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, July 15th. Zacks Investment Research upgraded shares of Cincinnati Financial Corp. from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, July 20th.
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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