Cincinnati Financial Corporation (CINF) Shares Bought by WealthPLAN Partners LLC

WealthPLAN Partners LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 8,850.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,215 shares of the insurance provider’s stock after purchasing an additional 15,045 shares during the quarter. WealthPLAN Partners LLC’s holdings in Cincinnati Financial Corporation were worth $1,102,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Cincinnati Financial Corporation by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock valued at $214,669,000 after purchasing an additional 62,767 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Cincinnati Financial Corporation by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 226,607 shares of the insurance provider’s stock valued at $16,418,000 after purchasing an additional 2,620 shares in the last quarter. Schulhoff & Co. Inc. boosted its holdings in shares of Cincinnati Financial Corporation by 0.3% in the 2nd quarter. Schulhoff & Co. Inc. now owns 63,477 shares of the insurance provider’s stock valued at $4,598,000 after purchasing an additional 200 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Cincinnati Financial Corporation by 19.6% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,267 shares of the insurance provider’s stock valued at $2,845,000 after purchasing an additional 6,440 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Cincinnati Financial Corporation by 15.1% in the 1st quarter. OppenheimerFunds Inc. now owns 10,677 shares of the insurance provider’s stock valued at $772,000 after purchasing an additional 1,399 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on CINF. Zacks Investment Research downgraded Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $70.00 target price on shares of Cincinnati Financial Corporation in a report on Friday, August 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.25.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded up 0.40% on Friday, hitting $75.88. The stock had a trading volume of 223,041 shares. The company has a market capitalization of $12.44 billion, a PE ratio of 21.74 and a beta of 0.89. The firm has a 50-day moving average of $77.35 and a 200 day moving average of $73.28. Cincinnati Financial Corporation has a 1-year low of $68.11 and a 1-year high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. On average, equities analysts anticipate that Cincinnati Financial Corporation will post $2.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.00 annualized dividend and a yield of 2.64%. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 57.31%.

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About Cincinnati Financial Corporation

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)

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