Cincinnati Financial Co. (NASDAQ:CINF) Position Boosted by Savant Capital LLC

Savant Capital LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,615 shares of the insurance provider’s stock after purchasing an additional 140 shares during the period. Savant Capital LLC’s holdings in Cincinnati Financial were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Cincinnati Financial by 5.4% in the first quarter. JPMorgan Chase & Co. now owns 2,310,391 shares of the insurance provider’s stock worth $198,462,000 after buying an additional 118,643 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 2,228,263 shares of the insurance provider’s stock worth $172,245,000 after buying an additional 208,449 shares during the period. Northern Trust Corp boosted its holdings in shares of Cincinnati Financial by 2.2% in the first quarter. Northern Trust Corp now owns 1,955,668 shares of the insurance provider’s stock worth $167,992,000 after buying an additional 41,268 shares during the period. First Trust Advisors LP boosted its holdings in shares of Cincinnati Financial by 80.8% in the first quarter. First Trust Advisors LP now owns 1,102,521 shares of the insurance provider’s stock worth $94,707,000 after buying an additional 492,556 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Cincinnati Financial by 18.7% in the first quarter. California Public Employees Retirement System now owns 960,891 shares of the insurance provider’s stock worth $82,541,000 after buying an additional 151,100 shares during the period. Institutional investors own 63.79% of the company’s stock.

Several research analysts have commented on CINF shares. Credit Suisse Group upgraded shares of Cincinnati Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $110.00 in a report on Friday, May 17th. BidaskClub raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. MKM Partners reissued a “buy” rating and issued a $120.00 price target (up from $100.00) on shares of Cincinnati Financial in a research report on Friday, May 24th. Finally, Royal Bank of Canada increased their price target on shares of Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cincinnati Financial presently has an average rating of “Buy” and a consensus price target of $102.40.



Shares of NASDAQ CINF traded down $2.80 during mid-day trading on Friday, reaching $108.23. The company had a trading volume of 382,298 shares, compared to its average volume of 712,000. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65. The stock has a fifty day moving average of $107.85 and a two-hundred day moving average of $96.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a 12-month low of $71.01 and a 12-month high of $111.70.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.21. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.51 billion. Cincinnati Financial had a net margin of 18.28% and a return on equity of 7.17%. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. Sell-side analysts forecast that Cincinnati Financial Co. will post 3.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.07%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s payout ratio is presently 66.87%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Recommended Story: Hold Rating

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

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