Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Raised by Horizon Investments LLC

Horizon Investments LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 382.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,189 shares of the insurance provider’s stock after acquiring an additional 16,002 shares during the quarter. Horizon Investments LLC’s holdings in Cincinnati Financial were worth $2,745,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CINF. Covestor Ltd acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $26,000. Hardy Reed LLC acquired a new stake in shares of Cincinnati Financial in the first quarter worth $43,000. Tcwp LLC acquired a new stake in shares of Cincinnati Financial in the first quarter worth $57,000. Monetary Management Group Inc. acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $57,000. Finally, GW&K Investment Management LLC acquired a new stake in shares of Cincinnati Financial in the first quarter worth $69,000. 64.52% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $100.69 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. Cincinnati Financial Co. has a 1 year low of $93.41 and a 1 year high of $143.22. The business has a fifty day simple moving average of $105.20 and a 200 day simple moving average of $119.50. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 31.27 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINFGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The insurance provider reported $0.65 earnings per share (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 firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business posted $1.79 earnings per share. Cincinnati Financial’s revenue was down 64.3% on a year-over-year basis. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 5.05 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on CINF. StockNews.com cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. TheStreet cut Cincinnati Financial from a “b” rating to a “c+” rating in a research report on Wednesday, July 27th.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 510 shares of the business’s stock in a transaction on Friday, July 29th. The shares were bought at an average cost of $96.66 per share, for a total transaction of $49,296.60. Following the completion of the acquisition, the director now directly owns 44,243 shares in the company, valued at $4,276,528.38. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Thomas J. Aaron bought 1,030 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average cost of $96.33 per share, for a total transaction of $99,219.90. Following the completion of the acquisition, the director now directly owns 5,740 shares in the company, valued at $552,934.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dirk J. Debbink bought 510 shares of the business’s stock in a transaction on Friday, July 29th. The shares were bought at an average price of $96.66 per share, for a total transaction of $49,296.60. Following the completion of the acquisition, 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 owned by corporate insiders.

Cincinnati Financial Company 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.

Featured Articles

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.