Keybank National Association OH trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 776,750 shares of the insurance provider’s stock after selling 37,505 shares during the quarter. Keybank National Association OH’s holdings in Cincinnati Financial were worth $58,233,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CINF. Canada Pension Plan Investment Board boosted its holdings in Cincinnati Financial by 12,727.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Cincinnati Financial in the 4th quarter worth about $139,000. WFG Advisors LP boosted its holdings in Cincinnati Financial by 39.4% in the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after buying an additional 718 shares during the last quarter. Centiva Capital LP acquired a new stake in Cincinnati Financial in the 4th quarter worth about $201,000. Finally, Csenge Advisory Group acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $206,000. Institutional investors own 64.48% of the company’s stock.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Cincinnati Financial from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub cut Cincinnati Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $74.67.

In related news, Director Douglas S. Skidmore bought 650 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $70.65 per share, for a total transaction of $45,922.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.25% of the company’s stock.

Cincinnati Financial Co. (NASDAQ:CINF) opened at $73.97 on Wednesday. The firm has a market capitalization of $12,179.41, a P/E ratio of 11.74 and a beta of 0.87. Cincinnati Financial Co. has a twelve month low of $68.49 and a twelve month high of $81.98. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. research analysts predict that Cincinnati Financial Co. will post 3.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.53 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s payout ratio is currently 31.75%.

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About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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

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