AMG Funds LLC lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 23.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,508 shares of the insurance provider’s stock after selling 3,202 shares during the quarter. AMG Funds LLC’s holdings in Cincinnati Financial were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Glen Harbor Capital Management LLC increased its stake in Cincinnati Financial by 4.9% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 15,114 shares of the insurance provider’s stock worth $1,010,000 after acquiring an additional 704 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Cincinnati Financial by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,870 shares of the insurance provider’s stock worth $1,797,000 after acquiring an additional 708 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Cincinnati Financial by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,350 shares of the insurance provider’s stock worth $1,640,000 after acquiring an additional 726 shares during the last quarter. Trust Co. of Vermont increased its stake in Cincinnati Financial by 98.5% in the 3rd quarter. Trust Co. of Vermont now owns 1,465 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 727 shares during the last quarter. Finally, ING Groep NV increased its stake in Cincinnati Financial by 4.9% in the 2nd quarter. ING Groep NV now owns 15,994 shares of the insurance provider’s stock worth $1,069,000 after acquiring an additional 747 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

A number of research firms have issued reports on CINF. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Wednesday, September 12th. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. ValuEngine raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Credit Suisse Group began coverage on Cincinnati Financial in a research note on Tuesday, August 7th. They issued an “underperform” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $77.00.

Shares of Cincinnati Financial stock opened at $79.54 on Thursday. The company has a market capitalization of $13.13 billion, a PE ratio of 29.03 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a one year low of $66.33 and a one year high of $81.96.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 25th. The insurance provider reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.09. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Cincinnati Financial had a return on equity of 6.70% and a net margin of 22.61%. As a group, research analysts forecast that Cincinnati Financial Co. will post 3.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 19th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 18th. Cincinnati Financial’s dividend payout ratio (DPR) is 77.37%.

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Cincinnati Financial Company Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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

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