Cincinnati Financial Corporation (CINF) Stake Lessened by Profund Advisors LLC

Profund Advisors LLC decreased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,648 shares of the insurance provider’s stock after selling 1,305 shares during the period. Profund Advisors LLC’s holdings in Cincinnati Financial Corporation were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Cincinnati Financial Corporation by 1,893.0% during the 1st quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock valued at $948,595,000 after acquiring an additional 12,467,118 shares in the last quarter. State Street Corp boosted its holdings in shares of Cincinnati Financial Corporation by 3.4% during the 1st quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock valued at $727,642,000 after acquiring an additional 329,902 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Cincinnati Financial Corporation by 2.4% during the 1st quarter. Bank of America Corp DE now owns 6,307,619 shares of the insurance provider’s stock valued at $455,852,000 after acquiring an additional 149,473 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in shares of Cincinnati Financial Corporation by 2,409.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 108,431 shares of the insurance provider’s stock valued at $7,807,000 after acquiring an additional 104,110 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cincinnati Financial Corporation by 2.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock valued at $214,669,000 after acquiring an additional 62,767 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Cincinnati Financial Corporation (NASDAQ CINF) opened at 76.94 on Thursday. The firm’s 50-day moving average price is $76.41 and its 200 day moving average price is $73.64. The firm has a market capitalization of $12.62 billion, a P/E ratio of 22.05 and a beta of 0.90. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Cincinnati Financial Corporation will post $2.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.00 annualized dividend and a yield of 2.60%. Cincinnati Financial Corporation’s payout ratio is 57.31%.

Several research firms recently weighed in on CINF. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 price objective on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $79.25.

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Cincinnati Financial Corporation 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 Corporation (NASDAQ:CINF)

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