HL Financial Services LLC cut its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,517 shares of the insurance provider’s stock after selling 9,021 shares during the period. HL Financial Services LLC owned 0.06% of Cincinnati Financial Corporation worth $7,084,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in Cincinnati Financial Corporation by 6.1% in the first quarter. Teachers Advisors LLC now owns 196,758 shares of the insurance provider’s stock valued at $14,220,000 after buying an additional 11,279 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Cincinnati Financial Corporation by 5.6% during the first quarter. Thrivent Financial For Lutherans now owns 5,498 shares of the insurance provider’s stock worth $397,000 after purchasing an additional 290 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Cincinnati Financial Corporation by 0.3% during the second quarter. Xact Kapitalforvaltning AB now owns 21,827 shares of the insurance provider’s stock worth $1,581,000 after purchasing an additional 73 shares during the period. Capital One National Association increased its stake in shares of Cincinnati Financial Corporation by 0.9% during the second quarter. Capital One National Association now owns 3,648 shares of the insurance provider’s stock worth $264,000 after purchasing an additional 31 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Cincinnati Financial Corporation by 23.6% during the second quarter. Bank of Montreal Can now owns 153,916 shares of the insurance provider’s stock worth $11,153,000 after purchasing an additional 29,408 shares during the period. 62.74% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on CINF shares. Zacks Investment Research lowered Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub upgraded Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.25.

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Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded up $0.64 during mid-day trading on Friday, hitting $73.74. The company’s stock had a trading volume of 142,678 shares, compared to its average volume of 508,755. The firm has a market cap of $12,020.00, a P/E ratio of 28.40 and a beta of 0.92. Cincinnati Financial Corporation has a 52-week low of $68.24 and a 52-week high of $81.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. analysts expect that Cincinnati Financial Corporation will post 2.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, September 21st. Cincinnati Financial Corporation’s dividend payout ratio is presently 66.01%.

Cincinnati Financial Corporation Company Profile

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.

Institutional Ownership by Quarter for Cincinnati Financial Corporation (NASDAQ:CINF)

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