Teachers Retirement System of The State of Kentucky Sells 474 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 4.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,906 shares of the insurance provider’s stock after selling 474 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cincinnati Financial were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CINF. First Trust Advisors LP grew its holdings in shares of Cincinnati Financial by 358.1% during the 1st quarter. First Trust Advisors LP now owns 1,987,502 shares of the insurance provider’s stock valued at $270,221,000 after purchasing an additional 1,553,670 shares during the last quarter. State Street Corp lifted its position in shares of Cincinnati Financial by 4.1% in the 1st 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 lifted its position in Cincinnati Financial by 210.8% during the 4th quarter. Millennium Management LLC now owns 505,893 shares of the insurance provider’s stock valued at $57,636,000 after acquiring an additional 343,127 shares during the period. Cassady Schiller Wealth Management LLC lifted its position in Cincinnati Financial by 5,479.0% during the 1st quarter. Cassady Schiller Wealth Management LLC now owns 330,335 shares of the insurance provider’s stock valued at $44,912,000 after acquiring an additional 324,414 shares during the period. Finally, Vanguard Group Inc. lifted its position in Cincinnati Financial by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance provider’s stock valued at $2,453,379,000 after acquiring an additional 211,402 shares during the period. Institutional investors own 64.52% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $94.50 on Thursday. The company has a 50 day moving average price of $102.05 and a 200-day moving average price of $118.20. Cincinnati Financial Co. has a 52 week low of $93.41 and a 52 week high of $143.22. The firm has a market capitalization of $15.04 billion, a PE ratio of 29.35 and a beta of 0.54. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.08.

Cincinnati Financial (NASDAQ:CINFGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.40). The company had revenue of $820.00 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 earnings per share. As a group, equities research analysts expect that Cincinnati Financial Co. will post 5.05 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $2.76 annualized dividend and a yield of 2.92%. Cincinnati Financial’s dividend payout ratio (DPR) is 85.71%.

Insider Activity at Cincinnati Financial

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

Analyst Upgrades and Downgrades

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

Cincinnati Financial 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.

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

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