Amalgamated Bank Has $5.11 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Amalgamated Bank cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,598 shares of the insurance provider’s stock after selling 2,679 shares during the period. Amalgamated Bank’s holdings in Cincinnati Financial were worth $5,112,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CINF. First Trust Advisors LP grew its stake in shares of Cincinnati Financial by 358.1% during the first quarter. First Trust Advisors LP now owns 1,987,502 shares of the insurance provider’s stock worth $270,221,000 after purchasing an additional 1,553,670 shares during the period. State Street Corp grew its stake in shares of Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock worth $1,246,056,000 after purchasing an additional 360,552 shares during the period. Millennium Management LLC grew its stake in shares of Cincinnati Financial by 210.8% during the fourth quarter. Millennium Management LLC now owns 505,893 shares of the insurance provider’s stock worth $57,636,000 after purchasing an additional 343,127 shares during the period. Cassady Schiller Wealth Management LLC grew its stake in shares of Cincinnati Financial by 5,479.0% during the first quarter. Cassady Schiller Wealth Management LLC now owns 330,335 shares of the insurance provider’s stock worth $44,912,000 after purchasing an additional 324,414 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Cincinnati Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance provider’s stock worth $2,453,379,000 after purchasing an additional 211,402 shares during the period. 64.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Dirk J. Debbink purchased 510 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were bought at an average cost of $96.66 per share, for a total transaction of $49,296.60. Following the completion of the acquisition, the director now directly owns 44,243 shares in the company, valued at approximately $4,276,528.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Thomas J. Aaron bought 1,030 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average price of $96.33 per share, for a total transaction of $99,219.90. Following the completion of the acquisition, the director now owns 5,740 shares of the company’s stock, valued at approximately $552,934.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dirk J. Debbink bought 510 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were bought at an average price of $96.66 per share, for a total transaction of $49,296.60. Following the acquisition, the director now directly owns 44,243 shares of the company’s stock, valued at approximately $4,276,528.38. The disclosure for this purchase can be found here. Corporate insiders own 2.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CINF shares. StockNews.com cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. TheStreet lowered Cincinnati Financial from a “b” rating to a “c+” rating in a report on Wednesday, July 27th.

Cincinnati Financial Stock Performance

CINF stock opened at $99.16 on Tuesday. The business’s 50-day moving average price is $103.24 and its two-hundred day moving average price is $118.68. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. The firm has a market cap of $15.79 billion, a PE ratio of 30.77 and a beta of 0.54. Cincinnati Financial Co. has a 1-year low of $93.41 and a 1-year high of $143.22.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its earnings results on Wednesday, July 27th. The insurance provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.40). The business had revenue of $820.00 million for the quarter, compared to the consensus estimate of $1.96 billion. Cincinnati Financial had a return on equity of 7.45% and a net margin of 7.59%. The business’s revenue was down 64.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. As a group, research analysts forecast that Cincinnati Financial Co. will post 5.05 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 16th will be issued a $0.69 dividend. The ex-dividend date is Thursday, September 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.78%. Cincinnati Financial’s dividend payout ratio (DPR) is 85.71%.

Cincinnati Financial Company Profile

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Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

Further Reading

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

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