Amalgamated Bank Has $5.11 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Amalgamated Bank decreased its position in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,598 shares of the insurance provider’s stock after selling 2,679 shares during the quarter. Amalgamated Bank’s holdings in Cincinnati Financial were worth $5,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. Covestor Ltd acquired a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $26,000. Ensign Peak Advisors Inc grew its position in shares of Cincinnati Financial by 95.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 107,565 shares of the insurance provider’s stock valued at $12,254,000 after purchasing an additional 52,459 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cincinnati Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,810,464 shares of the insurance provider’s stock valued at $319,368,000 after buying an additional 50,399 shares during the period. American International Group Inc. boosted its stake in shares of Cincinnati Financial by 0.5% in the fourth quarter. American International Group Inc. now owns 44,975 shares of the insurance provider’s stock valued at $5,124,000 after buying an additional 213 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $261,000. Institutional investors and hedge funds own 64.52% of the company’s stock.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Thomas J. Aaron bought 1,030 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was purchased 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 of the company’s stock, valued at $552,934.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Thomas J. Aaron purchased 1,030 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 5,740 shares of the company’s stock, valued at $552,934.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dirk J. Debbink purchased 510 shares of the company’s stock in a transaction dated 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 purchase, the director now directly owns 44,243 shares in the company, valued at approximately $4,276,528.38. The disclosure for this purchase can be found here. Corporate insiders own 2.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Stock Up 1.8 %

NASDAQ CINF opened at $99.16 on Tuesday. The business has a fifty day moving average price of $103.24 and a two-hundred day moving average price of $118.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.30 and a quick ratio of 0.30. Cincinnati Financial Co. has a fifty-two week low of $93.41 and a fifty-two week high of $143.22. The stock has a market capitalization of $15.79 billion, a PE ratio of 30.77 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINFGet Rating) last released 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 business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. The firm’s revenue for the quarter was down 64.3% on a year-over-year basis. Equities analysts expect that Cincinnati Financial Co. will post 5.05 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 15th. Cincinnati Financial’s payout ratio is presently 85.71%.

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.

Further Reading

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINFGet Rating).

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.