Cincinnati Financial Corp. (CINF) Shares Sold by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. decreased its position in Cincinnati Financial Corp. (NASDAQ:CINF) by 7.1% during the second quarter, Holdings Channel reports. The firm owned 9,934 shares of the company’s stock after selling 758 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Cincinnati Financial Corp. were worth $744,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the company. Invictus RG raised 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 purchased a new stake in shares of Cincinnati Financial Corp. during the first quarter worth about $213,000. Capital One National Association purchased a new stake in shares of Cincinnati Financial Corp. during the second quarter worth about $231,000. Fox Run Management L.L.C. purchased a new stake in shares of Cincinnati Financial Corp. during the second quarter worth about $232,000. Finally, First Merchants Corp purchased a new stake in shares of Cincinnati Financial Corp. during the second quarter worth about $232,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded up 1.32% during trading on Friday, hitting $75.17. 622,737 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.37 billion, a PE ratio of 19.47 and a beta of 0.79. The stock’s 50 day moving average is $75.82 and its 200 day moving average is $71.54. Cincinnati Financial Corp. has a 1-year low of $53.64 and a 1-year high of $78.09.
Cincinnati Financial Corp. (NASDAQ:CINF) last released its earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Cincinnati Financial Corp. had a net margin of 12.15% and a return on equity of 9.02%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Cincinnati Financial Corp. will post $3.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 21st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.55%. Cincinnati Financial Corp.’s payout ratio is currently 49.74%.
A number of equities analysts have weighed in on CINF shares. Zacks Investment Research lowered shares of Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th. MKM Partners lifted their price target on shares of Cincinnati Financial Corp. from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, July 15th.
Cincinnati Financial Corp. Company Profile
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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