Johnson Financial Group Lowers stake in Cincinnati Financial Corporation (CINF)

Cincinnati Financial Corporation (CINF) : Johnson Financial Group reduced its stake in Cincinnati Financial Corporation by 7.1% during the most recent quarter end. The investment management company now holds a total of 73,757 shares of Cincinnati Financial Corporation which is valued at $5,339,269 after selling 5,641 shares in Cincinnati Financial Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Cincinnati Financial Corporation makes up approximately 0.71% of Johnson Financial Group’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in CINF by selling 2,000 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 78,986 shares of CINF which is valued at $5,717,797. Cincinnati Financial Corporation makes up approx 0.02% of Pictet Asset Management Ltd’s portfolio. Hunter Associates Investment Management sold out all of its stake in CINF during the most recent quarter. The investment firm sold 3,550 shares of CINF which is valued $254,464. Summit Financial Strategies sold out all of its stake in CINF during the most recent quarter. The investment firm sold 6,797 shares of CINF which is valued $487,209.Mitsubishi Ufj Kokusai Asset Management Ltd. reduced its stake in CINF by selling 11,134 shares or 31.73% in the most recent quarter. The Hedge Fund company now holds 23,951 shares of CINF which is valued at $1,695,252. Cincinnati Financial Corporation makes up approx 0.04% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Cincinnati Financial Corporation opened for trading at $73.98 and hit $74.73 on the upside on Monday, eventually ending the session at $74.47, with a gain of 0.61% or 0.45 points. The heightened volatility saw the trading volume jump to 7,95,937 shares. Company has a market cap of $12,269 M.

On the company’s financial health, Cincinnati Financial Corporation reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.78.Analysts expectations of $ 1351.00.During the same quarter in the previous year, the company posted $1.04 EPS.

Investors should note that on Nov 18, 2016, Cincinnati Financial Corporation announced a cash dividend of $0.4800. The company’s management has announced Dec 19, 2016 as the ex-dividend date and fixed the record date on Dec 21, 2016. The payable date has been fixed on Jan 17, 2017.

Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines Personal lines Excess and surplus lines Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company which provides life insurance disability income policies and fixed annuities and The Cincinnati Specialty Underwriters Insurance Company which offers excess and surplus lines insurance products.

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