Great West Life Assurance Co. Can reduced its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,314 shares of the insurance provider’s stock after selling 11,587 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of Cincinnati Financial worth $9,171,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Cincinnati Financial in the second quarter valued at approximately $107,000. Trust Co. of Vermont boosted its holdings 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. Advisors Asset Management Inc. lifted its stake in Cincinnati Financial by 3,953.5% in the second quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock valued at $133,000 after buying an additional 128,883 shares during the period. NEXT Financial Group Inc acquired a new position in Cincinnati Financial in the third quarter valued at approximately $154,000. Finally, Dupont Capital Management Corp lifted its stake in Cincinnati Financial by 68.3% in the second quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock valued at $167,000 after buying an additional 1,014 shares during the period. Institutional investors own 63.18% of the company’s stock.
Shares of CINF opened at $80.14 on Friday. Cincinnati Financial Co. has a 52-week low of $66.33 and a 52-week 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 company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 24.41 and a beta of 0.69.
Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 25th. The insurance provider reported $0.84 earnings per share for the quarter, topping 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.49 billion. Equities analysts predict that Cincinnati Financial Co. will post 3.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 19th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, December 18th. Cincinnati Financial’s payout ratio is 77.37%.
Several brokerages have issued reports on CINF. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Wednesday, September 12th. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Finally, ValuEngine raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.00.
Cincinnati Financial Company 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.
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