Jane Street Group LLC Trims Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Jane Street Group LLC reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 75.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,582 shares of the insurance provider’s stock after selling 8,110 shares during the quarter. Jane Street Group LLC’s holdings in Cincinnati Financial were worth $268,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in Cincinnati Financial during the second quarter valued at approximately $25,000. Kavar Capital Partners LLC acquired a new stake in Cincinnati Financial in the second quarter valued at approximately $26,000. Virtus ETF Advisers LLC acquired a new stake in Cincinnati Financial in the second quarter valued at approximately $29,000. Hanson & Doremus Investment Management acquired a new stake in Cincinnati Financial in the second quarter valued at approximately $40,000. Finally, Gradient Investments LLC acquired a new stake in Cincinnati Financial in the second quarter valued at approximately $46,000. Institutional investors own 64.06% of the company’s stock.

Shares of CINF opened at $116.13 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a 12 month low of $71.01 and a 12 month high of $118.19. The stock’s 50 day moving average is $113.59 and its two-hundred day moving average is $103.05. The firm has a market cap of $18.76 billion, a P/E ratio of 34.67 and a beta of 0.63.



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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 18th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 66.87%.

Several brokerages have commented on CINF. Buckingham Research raised their price objective on Cincinnati Financial from $92.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Royal Bank of Canada raised their price objective on Cincinnati Financial to $105.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Finally, ValuEngine lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $106.40.

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.

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

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