AMP Capital Investors Ltd decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 25.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,993 shares of the insurance provider’s stock after selling 21,192 shares during the quarter. AMP Capital Investors Ltd’s holdings in Cincinnati Financial were worth $4,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC increased its stake in shares of Cincinnati Financial by 4,980.7% in the second quarter. Janus Henderson Group PLC now owns 1,023,094 shares of the insurance provider’s stock valued at $74,123,000 after buying an additional 1,002,957 shares during the period. Vanguard Group Inc. increased its stake in shares of Cincinnati Financial by 2.4% in the second quarter. Vanguard Group Inc. now owns 17,010,783 shares of the insurance provider’s stock valued at $1,232,431,000 after buying an additional 392,312 shares during the period. Fairpointe Capital LLC increased its stake in shares of Cincinnati Financial by 72.3% in the second quarter. Fairpointe Capital LLC now owns 811,439 shares of the insurance provider’s stock valued at $58,789,000 after buying an additional 340,373 shares during the period. Renaissance Technologies LLC increased its stake in shares of Cincinnati Financial by 118.1% in the second quarter. Renaissance Technologies LLC now owns 375,000 shares of the insurance provider’s stock valued at $27,169,000 after buying an additional 203,055 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in shares of Cincinnati Financial by 2,409.4% in the second quarter. Marshall Wace North America L.P. now owns 108,431 shares of the insurance provider’s stock valued at $7,807,000 after buying an additional 104,110 shares during the period. 64.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on CINF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Cincinnati Financial in a research note on Friday, August 18th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, September 12th. Finally, BidaskClub downgraded Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday. One 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. The company presently has a consensus rating of “Hold” and a consensus target price of $79.25.

Cincinnati Financial Co. (NASDAQ CINF) opened at $74.28 on Friday. Cincinnati Financial Co. has a 52 week low of $68.24 and a 52 week high of $81.98. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $12,088.81, a P/E ratio of 28.78 and a beta of 0.93.

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

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

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Cincinnati Financial 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.

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

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