Principal Financial Group Inc. boosted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,708 shares of the insurance provider’s stock after buying an additional 2,762 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of Cincinnati Financial Corporation worth $16,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CINF. BlackRock Inc. increased its position in 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 worth $948,595,000 after buying an additional 12,467,118 shares during the last quarter. Vanguard Group Inc. increased its position in 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 worth $1,201,018,000 after buying an additional 813,206 shares during the last quarter. State Street Corp increased its position in 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 worth $727,642,000 after buying an additional 329,902 shares during the last quarter. WINTON GROUP Ltd increased its position in Cincinnati Financial Corporation by 370.9% in the first quarter. WINTON GROUP Ltd now owns 351,372 shares of the insurance provider’s stock worth $26,500,000 after buying an additional 276,751 shares during the last quarter. Finally, Fairpointe Capital LLC increased its position in Cincinnati Financial Corporation by 98.6% in the first quarter. Fairpointe Capital LLC now owns 471,066 shares of the insurance provider’s stock worth $34,044,000 after buying an additional 233,867 shares during the last quarter. 63.12% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have issued reports on CINF. Zacks Investment Research downgraded Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $70.00 target price on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and an average target price of $79.50.

Cincinnati Financial Corporation (NASDAQ:CINF) opened at 75.22 on Friday. Cincinnati Financial Corporation has a 12-month low of $68.11 and a 12-month high of $81.98. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of 21.55 and a beta of 0.89. The stock has a 50 day moving average price of $77.35 and a 200-day moving average price of $73.26.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted 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. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. Cincinnati Financial Corporation’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Equities analysts predict that Cincinnati Financial Corporation will post $2.90 EPS for the current fiscal year.

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

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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