Aviva PLC lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,654 shares of the insurance provider’s stock after selling 3,096 shares during the period. Aviva PLC’s holdings in Cincinnati Financial were worth $5,734,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont lifted its position in Cincinnati Financial by 98.5% in the third quarter. Trust Co. of Vermont now owns 1,465 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 727 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Cincinnati Financial in the second quarter valued at $107,000. NEXT Financial Group Inc purchased a new stake in Cincinnati Financial in the third quarter valued at $154,000. Stratos Wealth Partners LTD. purchased a new stake in Cincinnati Financial in the third quarter valued at $168,000. Finally, Korea Investment CORP lifted its position in Cincinnati Financial by 60.1% in the third quarter. Korea Investment CORP now owns 2,325 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 63.18% of the company’s stock.

Shares of NASDAQ:CINF opened at $80.14 on Friday. Cincinnati Financial Co. has a one year low of $66.33 and a one year high of $82.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $13.26 billion, a PE ratio of 29.25 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 25th. The insurance provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 3.14 EPS for the current year.

The firm 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. The ex-dividend date is Tuesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.65%. Cincinnati Financial’s payout ratio is 77.37%.

A number of brokerages recently weighed in on CINF. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Wednesday, September 12th. BidaskClub raised shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 15th. Finally, ValuEngine raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $77.00.

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About Cincinnati Financial

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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