Hartland & Co. LLC raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 22.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,422 shares of the insurance provider’s stock after purchasing an additional 1,174 shares during the quarter. Hartland & Co. LLC’s holdings in Cincinnati Financial were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dupont Capital Management Corp increased its stake in shares of Cincinnati Financial by 68.3% in the 2nd quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock valued at $167,000 after buying an additional 1,014 shares during the period. Fiera Capital Corp acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at $200,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at $214,000. GWM Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at $217,000. Finally, First Commonwealth Financial Corp PA acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at $223,000. Hedge funds and other institutional investors own 63.36% of the company’s stock.

NASDAQ CINF opened at $75.29 on Friday. The firm has a market capitalization of $12.10 billion, a PE ratio of 27.48 and a beta of 0.88. Cincinnati Financial Co. has a 52 week low of $66.33 and a 52 week high of $79.17. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.11.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 26th. The insurance provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.27. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Cincinnati Financial had a return on equity of 6.36% and a net margin of 16.59%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.64 EPS. equities research analysts expect that Cincinnati Financial Co. will post 3.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Wednesday, September 19th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.82%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 77.37%.

CINF has been the subject of several research reports. Zacks Investment Research cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. BidaskClub raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Sandler O’Neill reissued a “neutral” rating on shares of Cincinnati Financial in a research note on Friday, July 27th. Finally, Credit Suisse Group initiated coverage on Cincinnati Financial in a research note on Tuesday, August 7th. They issued an “underperform” rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.00.

Cincinnati Financial Profile

Cincinnati Financial Corporation 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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