Strs Ohio Acquires 7,793 Shares of Cincinnati Financial Co. (CINF)

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Strs Ohio grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 41.5% during the 3rd quarter, Holdings Channel reports. The firm owned 26,557 shares of the insurance provider’s stock after buying an additional 7,793 shares during the period. Strs Ohio’s holdings in Cincinnati Financial were worth $2,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Glen Harbor Capital Management LLC boosted its stake in Cincinnati Financial by 4.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 15,114 shares of the insurance provider’s stock worth $1,010,000 after purchasing an additional 704 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Cincinnati Financial by 2.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,870 shares of the insurance provider’s stock valued at $1,797,000 after acquiring an additional 708 shares during the last quarter. ING Groep NV boosted its position in shares of Cincinnati Financial by 4.9% during the 2nd quarter. ING Groep NV now owns 15,994 shares of the insurance provider’s stock valued at $1,069,000 after acquiring an additional 747 shares during the last quarter. Sei Investments Co. boosted its position in shares of Cincinnati Financial by 1.3% during the 2nd quarter. Sei Investments Co. now owns 60,289 shares of the insurance provider’s stock valued at $4,030,000 after acquiring an additional 783 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Cincinnati Financial by 3.6% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 23,358 shares of the insurance provider’s stock valued at $1,562,000 after acquiring an additional 816 shares during the last quarter. 62.26% of the stock is currently owned by institutional investors.

Shares of CINF stock opened at $78.37 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $12.45 billion, a PE ratio of 28.60 and a beta of 0.83. Cincinnati Financial Co. has a twelve month low of $66.33 and a twelve month high of $79.67.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, analysts forecast that Cincinnati Financial Co. will post 3.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Wednesday, September 19th were given a $0.53 dividend. The ex-dividend date was Tuesday, September 18th. This represents a $2.12 dividend on an annualized basis and a yield of 2.71%. Cincinnati Financial’s payout ratio is currently 77.37%.

Several research analysts have recently weighed in on CINF shares. BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research cut shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Monday, July 16th. Credit Suisse Group started coverage on shares of Cincinnati Financial in a research report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 price target on the stock. Finally, Sandler O’Neill reissued a “neutral” rating on shares of Cincinnati Financial in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $77.00.

Cincinnati Financial Company 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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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:CINF).

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

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