Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,052 shares of the insurance provider’s stock after purchasing an additional 1,242 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cincinnati Financial were worth $2,726,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Affirmative Financial Network boosted its holdings in shares of Cincinnati Financial by 3.4% in the fourth quarter. First Affirmative Financial Network now owns 2,557 shares of the insurance provider’s stock valued at $291,000 after acquiring an additional 83 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in Cincinnati Financial by 10.4% during the fourth quarter. Manchester Capital Management LLC now owns 1,008 shares of the insurance provider’s stock worth $115,000 after buying an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Cincinnati Financial by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the insurance provider’s stock worth $1,342,000 after acquiring an additional 100 shares during the last quarter. Lincoln Capital LLC raised its position in Cincinnati Financial by 1.1% during the first quarter. Lincoln Capital LLC now owns 9,323 shares of the insurance provider’s stock worth $1,268,000 after acquiring an additional 100 shares during the last quarter. Finally, American Research & Management Co. raised its position in Cincinnati Financial by 2.5% during the first quarter. American Research & Management Co. now owns 4,192 shares of the insurance provider’s stock worth $570,000 after acquiring an additional 102 shares during the last quarter. 64.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CINF shares. TheStreet cut shares of Cincinnati Financial from a “b” rating to a “c+” rating in a research report on Wednesday, July 27th. StockNews.com lowered shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $99.03 on Thursday. Cincinnati Financial Co. has a one year low of $93.41 and a one year high of $143.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50 day moving average price of $105.98 and a 200 day moving average price of $119.86. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 30.75 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINFGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $0.65 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.40). Cincinnati Financial had a return on equity of 7.45% and a net margin of 7.59%. The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $1.79 EPS. The business’s revenue for the quarter was down 64.3% on a year-over-year basis. Sell-side analysts anticipate that Cincinnati Financial Co. will post 5.05 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, September 15th. Cincinnati Financial’s dividend payout ratio (DPR) is 85.71%.

Insider Buying and Selling

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

Cincinnati Financial Profile

(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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