California State Teachers Retirement System cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,278 shares of the insurance provider’s stock after selling 23,255 shares during the quarter. California State Teachers Retirement System owned 0.17% of Cincinnati Financial worth $20,925,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Seven Eight Capital LP acquired a new position in Cincinnati Financial during the 2nd quarter worth approximately $101,000. Canada Pension Plan Investment Board increased its position in Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 1,400 shares in the last quarter. People s United Financial Inc. increased its position in Cincinnati Financial by 6.5% during the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 110 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Cincinnati Financial during the 2nd quarter worth approximately $152,000. Finally, WFG Advisors LP increased its position in Cincinnati Financial by 39.4% during the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 718 shares in the last quarter. Institutional investors own 64.44% of the company’s stock.

Shares of Cincinnati Financial Co. (NASDAQ:CINF) opened at $73.55 on Wednesday. Cincinnati Financial Co. has a 1-year low of $68.24 and a 1-year high of $81.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $12,236.48, a P/E ratio of 29.13 and a beta of 0.93.

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

The firm also recently announced a special dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.50 per share. This represents a yield of 2.72%. This is a positive change from Cincinnati Financial’s previous special dividend of $0.46. The ex-dividend date was Thursday, November 30th. Cincinnati Financial’s payout ratio is presently 66.23%.

A number of research firms recently issued reports on CINF. BidaskClub cut shares of Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Cincinnati Financial has a consensus rating of “Hold” and an average price target of $79.25.

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About Cincinnati Financial

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 (NASDAQ:CINF)

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