Cincinnati Financial Corporation (CINF) : Riverpoint Capital Management reduced its stake in Cincinnati Financial Corporation by 0.23% during the most recent quarter end. The investment management company now holds a total of 259,836 shares of Cincinnati Financial Corporation which is valued at $19,695,569 after selling 605 shares in Cincinnati Financial Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cincinnati Financial Corporation makes up approximately 1.70% of Riverpoint Capital Management’s portfolio.
Other Hedge Funds, Including , C M Bidwell Associates Ltd reduced its stake in CINF by selling 250 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 59,805 shares of CINF which is valued at $4,533,219. Cincinnati Financial Corporation makes up approx 1.08% of C M Bidwell Associates Ltd’s portfolio.Azimuth Capital Management reduced its stake in CINF by selling 1,389 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 8,728 shares of CINF which is valued at $661,582. Cincinnati Financial Corporation makes up approx 0.06% of Azimuth Capital Management’s portfolio.Alphamark Advisors boosted its stake in CINF in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 575 shares of Cincinnati Financial Corporation which is valued at $43,671. Cincinnati Financial Corporation makes up approx 0.03% of Alphamark Advisors’s portfolio. Rmb Capital Management sold out all of its stake in CINF during the most recent quarter. The investment firm sold 31,980 shares of CINF which is valued $2,400,419.Aberdeen Asset Management Plcuk boosted its stake in CINF in the latest quarter, The investment management firm added 40,106 additional shares and now holds a total of 80,727 shares of Cincinnati Financial Corporation which is valued at $6,059,369. Cincinnati Financial Corporation makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.
Cincinnati Financial Corporation opened for trading at $76.19 and hit $77.41 on the upside on Monday, eventually ending the session at $77.36, with a gain of 1.52% or 1.16 points. The heightened volatility saw the trading volume jump to 4,14,162 shares. Company has a market cap of $12,732 M.
On the company’s financial health, Cincinnati Financial Corporation reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.72. The company had revenue of $1364.00 million for the quarter, compared to analysts expectations of $1095.00 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Investors should note that on Aug 12, 2016, Cincinnati Financial Corporation announced a cash dividend of $0.4800. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by MKM Partners on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Company shares were Reiterated by MKM Partners on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .
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.