Monarch Capital Management Inc. lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,252 shares of the insurance provider’s stock after selling 820 shares during the quarter. Monarch Capital Management Inc.’s holdings in Cincinnati Financial were worth $3,629,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. WEALTHFRONT Corp grew its stake in shares of Cincinnati Financial by 7.6% during the third quarter. WEALTHFRONT Corp now owns 16,160 shares of the insurance provider’s stock worth $1,241,000 after purchasing an additional 1,140 shares during the period. Bailard Inc. acquired a new stake in shares of Cincinnati Financial during the third quarter worth $209,000. Rand Wealth LLC grew its stake in shares of Cincinnati Financial by 5.6% during the third quarter. Rand Wealth LLC now owns 18,678 shares of the insurance provider’s stock worth $1,435,000 after purchasing an additional 985 shares during the period. People s United Financial Inc. acquired a new stake in shares of Cincinnati Financial during the third quarter worth $257,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Cincinnati Financial during the third quarter worth $377,000. Institutional investors and hedge funds own 63.18% of the company’s stock.

NASDAQ:CINF traded down $0.95 on Thursday, reaching $80.56. The company’s stock had a trading volume of 3,914 shares, compared to its average volume of 669,088. Cincinnati Financial Co. has a 1-year low of $66.33 and a 1-year high of $82.86. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 29.75 and a beta of 0.69.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 19th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, December 18th. This represents a $2.12 dividend on an annualized basis and a yield of 2.63%. Cincinnati Financial’s payout ratio is 77.37%.

CINF has been the subject of a number of analyst reports. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research note on Friday, October 12th. Finally, ValuEngine raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $77.00.

ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/monarch-capital-management-inc-has-3-63-million-position-in-cincinnati-financial-co-cinf/2665381.html.

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.

Read More: Conference Calls

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.