Cincinnati Financial Corp. (CINF) Shares Sold by LMR Partners LLP
LMR Partners LLP cut its stake in shares of Cincinnati Financial Corp. (NASDAQ:CINF) by 70.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,357 shares of the company’s stock after selling 12,518 shares during the period. LMR Partners LLP’s holdings in Cincinnati Financial Corp. were worth $401,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in CINF. Invictus RG boosted its position 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 valued at $174,000 after buying an additional 2,581 shares in the last quarter. Calamos Advisors LLC acquired a new position in Cincinnati Financial Corp. during the second quarter worth approximately $200,000. 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. Finally, Fox Run Management L.L.C. acquired a new position in Cincinnati Financial Corp. during the second quarter worth approximately $232,000. 61.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.03% during midday trading on Thursday, reaching $75.38. The company had a trading volume of 373,805 shares. The company has a 50 day moving average of $75.75 and a 200 day moving average of $71.76. Cincinnati Financial Corp. has a one year low of $53.64 and a one year high of $78.09. The company has a market capitalization of $12.41 billion, a PE ratio of 19.53 and a beta of 0.79.
Cincinnati Financial Corp. (NASDAQ:CINF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Cincinnati Financial Corp. had a return on equity of 9.02% and a net margin of 12.15%. The business earned $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.83 earnings per share. Cincinnati Financial Corp.’s revenue was up 4.2% compared to the same quarter last year. Analysts predict that Cincinnati Financial Corp. will post $3.19 EPS for the current fiscal 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. This represents a $1.92 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, September 19th. Cincinnati Financial Corp.’s dividend payout ratio (DPR) is 49.74%.
A number of research firms have recently commented on CINF. Zacks Investment Research cut Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. 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 report 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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