State Board of Administration of Florida Retirement System Has $28.20 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

State Board of Administration of Florida Retirement System reduced its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,381 shares of the insurance provider’s stock after selling 3,260 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Cincinnati Financial worth $28,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Cincinnati Financial by 2.2% during the 4th quarter. State Street Corp now owns 8,759,610 shares of the insurance provider’s stock worth $1,003,403,000 after acquiring an additional 186,138 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cincinnati Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 2,810,464 shares of the insurance provider’s stock worth $319,368,000 after acquiring an additional 50,399 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cincinnati Financial by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,246,724 shares of the insurance provider’s stock worth $255,969,000 after acquiring an additional 86,228 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Cincinnati Financial by 0.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 893,110 shares of the insurance provider’s stock valued at $101,752,000 after purchasing an additional 7,219 shares during the period. Finally, Millennium Management LLC boosted its stake in Cincinnati Financial by 210.8% in the 4th quarter. Millennium Management LLC now owns 505,893 shares of the insurance provider’s stock valued at $57,636,000 after purchasing an additional 343,127 shares during the period. 66.34% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Performance

CINF opened at $97.26 on Friday. The business has a fifty day simple moving average of $114.89 and a 200 day simple moving average of $122.86. The company has a market capitalization of $15.48 billion, a PE 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 Co. has a 1 year low of $93.41 and a 1 year high of $143.22.

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

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, June 17th were given a dividend of $0.69 per share. The ex-dividend date 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 85.71%.

Insider Activity

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

Analyst Ratings Changes

Several research firms recently issued reports on CINF. TheStreet downgraded Cincinnati Financial from a “b” rating to a “c+” rating in a research note on Wednesday, July 27th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Friday.

About Cincinnati Financial

(Get Rating)

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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