Fisher Asset Management LLC Sells 104 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Fisher Asset Management LLC cut its holdings in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,161 shares of the insurance provider’s stock after selling 104 shares during the quarter. Fisher Asset Management LLC’s holdings in Cincinnati Financial were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CINF. National Bank of Canada FI bought a new position in Cincinnati Financial in the fourth quarter valued at approximately $78,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $1,184,000. CWM LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at $46,000. Nomura Asset Management Co. Ltd. raised its stake in Cincinnati Financial by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 87,134 shares of the insurance provider’s stock worth $9,927,000 after buying an additional 544 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Cincinnati Financial during the fourth quarter worth about $8,014,000. 66.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 510 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average cost of $96.66 per share, for a total transaction of $49,296.60. Following the completion of the acquisition, the director now owns 44,243 shares in the company, valued at $4,276,528.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Dirk J. Debbink purchased 510 shares of Cincinnati Financial stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of $96.66 per share, with a total value of $49,296.60. Following the completion of the transaction, the director now owns 44,243 shares of the company’s stock, valued at approximately $4,276,528.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas J. Aaron purchased 1,030 shares of Cincinnati Financial stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average cost of $96.33 per share, with a total value of $99,219.90. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $552,934.20. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,950 shares of company stock worth $197,991. 2.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TheStreet downgraded Cincinnati Financial from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday.

Cincinnati Financial Stock Up 1.8 %

Shares of Cincinnati Financial stock opened at $97.26 on Friday. Cincinnati Financial Co. has a 1 year low of $93.41 and a 1 year high of $143.22. The business has a 50-day moving average of $114.89 and a two-hundred day moving average of $122.86. The company has a market capitalization of $15.48 billion, a P/E ratio of 30.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.40). The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $1.96 billion. Cincinnati Financial had a return on equity of 7.45% and a net margin of 7.59%. The firm’s quarterly revenue was down 64.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.79 earnings per share. As a group, equities analysts predict that Cincinnati Financial Co. will post 5.3 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, June 17th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.84%. Cincinnati Financial’s payout ratio is presently 85.71%.

About Cincinnati Financial

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Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers 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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