Riverhead Capital Management LLC trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,118 shares of the insurance provider’s stock after selling 904 shares during the period. Riverhead Capital Management LLC’s holdings in Cincinnati Financial Corporation were worth $1,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. BlackRock Inc. raised its position in shares of Cincinnati Financial Corporation by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock valued at $948,595,000 after buying an additional 12,467,118 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cincinnati Financial Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock valued at $1,201,018,000 after buying an additional 813,206 shares during the last quarter. State Street Corp raised its position in shares of Cincinnati Financial Corporation by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock valued at $727,642,000 after buying an additional 329,902 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock valued at $26,500,000 after buying an additional 276,751 shares during the last quarter. Finally, Fairpointe Capital LLC raised its position in shares of Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock valued at $34,044,000 after buying an additional 233,867 shares during the last quarter. Institutional investors and hedge funds own 63.12% of the company’s stock.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) opened at 75.22 on Friday. The company’s 50-day moving average is $77.35 and its 200 day moving average is $73.26. The firm has a market capitalization of $12.33 billion, a PE ratio of 21.55 and a beta of 0.89. Cincinnati Financial Corporation has a 52-week low of $68.11 and a 52-week high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, September 21st. Cincinnati Financial Corporation’s payout ratio is 57.31%.

A number of brokerages have recently commented on CINF. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $70.00 price objective on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $79.50.

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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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