Swiss National Bank Has $44.14 Million Holdings in Cincinnati Financial Corporation (CINF)

Swiss National Bank raised its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,432 shares of the insurance provider’s stock after purchasing an additional 6,400 shares during the period. Swiss National Bank owned about 351,332.97% of Cincinnati Financial Corporation worth $44,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in Cincinnati Financial Corporation in the 2nd quarter valued at about $101,000. Canada Pension Plan Investment Board raised its position in shares of Cincinnati Financial Corporation by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares in the last quarter. Korea Investment CORP raised its position in shares of Cincinnati Financial Corporation by 142.0% during the 2nd quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock worth $105,000 after acquiring an additional 852 shares in the last quarter. People s United Financial Inc. raised its position in shares of Cincinnati Financial Corporation by 6.5% during the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 110 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new stake in shares of Cincinnati Financial Corporation during the 2nd quarter worth about $152,000. 62.49% of the stock is currently owned by institutional investors.

Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at $74.06 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a 12-month low of $68.24 and a 12-month high of $81.98. The firm has a market capitalization of $12,026.46, a PE ratio of 28.63 and a beta of 0.91.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $0.86 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. research analysts forecast that Cincinnati Financial Corporation will post 2.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.70%. Cincinnati Financial Corporation’s dividend payout ratio is presently 66.23%.

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Several equities research analysts have recently weighed in on CINF shares. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $79.25.

Cincinnati Financial Corporation Company 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.

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

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