Janney Montgomery Scott LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,350 shares of the insurance provider’s stock after purchasing an additional 726 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Cincinnati Financial were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. Select Equity Group L.P. lifted its position in shares of Cincinnati Financial by 14.8% in the second quarter. Select Equity Group L.P. now owns 5,475,083 shares of the insurance provider’s stock worth $366,064,000 after purchasing an additional 704,103 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Cincinnati Financial by 73.2% in the second quarter. First Trust Advisors LP now owns 682,914 shares of the insurance provider’s stock worth $45,660,000 after purchasing an additional 288,711 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Cincinnati Financial in the third quarter worth approximately $2,476,000. Morgan Stanley lifted its position in shares of Cincinnati Financial by 41.5% in the second quarter. Morgan Stanley now owns 546,225 shares of the insurance provider’s stock worth $36,521,000 after purchasing an additional 160,292 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Cincinnati Financial by 3,953.5% in the second quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 128,883 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

CINF has been the subject of a number of research analyst reports. BidaskClub raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Wednesday, September 12th. Finally, Sandler O’Neill reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Friday, July 27th. 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 issued a strong buy rating to the company. Cincinnati Financial currently has a consensus rating of “Hold” and an average target price of $77.00.

Shares of CINF opened at $79.54 on Thursday. The company has a market cap of $12.98 billion, a P/E ratio of 29.03 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a twelve month low of $66.33 and a twelve month high of $81.96.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. Analysts predict that Cincinnati Financial Co. will post 3.25 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 19th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.67%. The ex-dividend date is Tuesday, December 18th. Cincinnati Financial’s payout ratio is presently 77.37%.

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Cincinnati Financial 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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