783 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Fortis Advisors LLC

Fortis Advisors LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 783 shares of the insurance provider’s stock, valued at approximately $106,000.

A number of other institutional investors also recently made changes to their positions in CINF. First Trust Advisors LP raised its holdings in shares of Cincinnati Financial by 358.1% in the first quarter. First Trust Advisors LP now owns 1,987,502 shares of the insurance provider’s stock worth $270,221,000 after acquiring an additional 1,553,670 shares during the last quarter. Millennium Management LLC increased its stake in Cincinnati Financial by 210.8% in the fourth 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 last quarter. Cassady Schiller Wealth Management LLC increased its stake in Cincinnati Financial by 5,479.0% in the first quarter. Cassady Schiller Wealth Management LLC now owns 330,335 shares of the insurance provider’s stock valued at $44,912,000 after purchasing an additional 324,414 shares during the last quarter. Vanguard Group Inc. increased its stake in Cincinnati Financial by 1.2% in the first quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance provider’s stock valued at $2,453,379,000 after purchasing an additional 211,402 shares during the last quarter. Finally, State Street Corp increased its stake in Cincinnati Financial by 2.2% in the fourth quarter. State Street Corp now owns 8,759,610 shares of the insurance provider’s stock valued at $1,003,403,000 after purchasing an additional 186,138 shares during the last quarter. 64.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TheStreet lowered Cincinnati Financial from a “b” rating to a “c+” rating in a research note on Wednesday, July 27th. StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 510 shares of the firm’s 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 completion of the transaction, the director now directly owns 44,243 shares of the company’s stock, valued at $4,276,528.38. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cincinnati Financial news, Director Dirk J. Debbink purchased 510 shares of Cincinnati Financial stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average price of $96.66 per share, with a total value of $49,296.60. Following the completion of the acquisition, the director now owns 44,243 shares of the company’s stock, valued at approximately $4,276,528.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Aaron purchased 1,030 shares of Cincinnati Financial stock in a transaction that occurred on Wednesday, August 3rd. The stock was 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 of the company’s stock, valued at approximately $552,934.20. The disclosure for this purchase can be found here. Company insiders own 2.95% of the company’s stock.

Cincinnati Financial Price Performance

CINF stock opened at $100.69 on Friday. The stock has a 50-day moving average price of $105.20 and a two-hundred day moving average price of $119.50. Cincinnati Financial Co. has a 12-month low of $93.41 and a 12-month high of $143.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. The company has a market cap of $16.03 billion, a PE ratio of 31.27 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINFGet Rating) last issued its earnings results on Wednesday, July 27th. The insurance provider reported $0.65 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the company earned $1.79 EPS. Cincinnati Financial’s quarterly revenue was down 64.3% on a year-over-year basis. As a group, research analysts predict that Cincinnati Financial Co. will post 5.05 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 16th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 15th. Cincinnati Financial’s payout ratio is 85.71%.

Cincinnati Financial Company Profile

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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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