Hartford Investment Management Co. Boosts Stake in Cincinnati Financial Corporation (CINF)

Hartford Investment Management Co. increased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 56.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,988 shares of the insurance provider’s stock after buying an additional 19,425 shares during the period. Hartford Investment Management Co.’s holdings in Cincinnati Financial Corporation were worth $3,911,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CINF. Clarius Group LLC acquired a new stake in shares of Cincinnati Financial Corporation during the first quarter worth about $130,000. MCF Advisors LLC raised its stake in shares of Cincinnati Financial Corporation by 2.4% in the first quarter. MCF Advisors LLC now owns 2,243 shares of the insurance provider’s stock worth $162,000 after buying an additional 52 shares during the period. First Manhattan Co. raised its stake in shares of Cincinnati Financial Corporation by 36.2% in the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock worth $183,000 after buying an additional 648 shares during the period. Pacer Advisors Inc. raised its stake in shares of Cincinnati Financial Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,916 shares of the insurance provider’s stock worth $211,000 after buying an additional 88 shares during the period. Finally, Beese Fulmer Investment Management Inc. raised its stake in shares of Cincinnati Financial Corporation by 3.4% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,057 shares of the insurance provider’s stock worth $221,000 after buying an additional 100 shares during the period. Institutional investors own 63.10% of the company’s stock.

Cincinnati Financial Corporation (CINF) opened at 77.34 on Friday. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98. The company has a 50-day moving average price of $75.72 and a 200-day moving average price of $72.65. The firm has a market capitalization of $12.68 billion, a P/E ratio of 22.16 and a beta of 0.89.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.57 EPS. Cincinnati Financial Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Cincinnati Financial Corporation will post $2.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.59%. Cincinnati Financial Corporation’s dividend payout ratio is presently 57.31%.

TRADEMARK VIOLATION NOTICE: “Hartford Investment Management Co. Boosts Stake in Cincinnati Financial Corporation (CINF)” was originally posted by BNB Daily and is the sole property of of BNB Daily. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/cincinnati-financial-corporation-cinf-position-boosted-by-hartford-investment-management-co-updated-updated.html.

A number of analysts have issued reports on CINF shares. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $70.00 price objective on shares of Cincinnati Financial Corporation in a research report on Friday. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $78.75.

Cincinnati Financial Corporation Company Profile

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.

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

Receive News & Ratings for Cincinnati Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply