Ancora Inverness LLC continued to hold its stake in Cincinnati Financial Corp. (NASDAQ:CINF) during the third quarter, Holdings Channel reports. The firm owned 11,679 shares of the company’s stock at the end of the third quarter. Ancora Inverness LLC’s holdings in Cincinnati Financial Corp. were worth $881,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Cincinnati Financial Corp. by 2.3% in the second quarter. Royal Bank of Canada now owns 1,754,654 shares of the company’s stock valued at $131,405,000 after buying an additional 40,179 shares in the last quarter. Bank of Montreal Can purchased a new stake in Cincinnati Financial Corp. during the second quarter valued at about $13,230,000. GW&K Investment Management LLC raised its stake in Cincinnati Financial Corp. by 6.8% in the second quarter. GW&K Investment Management LLC now owns 426,275 shares of the company’s stock valued at $31,924,000 after buying an additional 27,234 shares in the last quarter. Polaris Greystone Financial Group LLC raised its stake in Cincinnati Financial Corp. by 13.8% in the second quarter. Polaris Greystone Financial Group LLC now owns 185,480 shares of the company’s stock valued at $13,891,000 after buying an additional 22,448 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in Cincinnati Financial Corp. by 12.9% in the second quarter. Alps Advisors Inc. now owns 374,085 shares of the company’s stock valued at $28,015,000 after buying an additional 42,628 shares in the last quarter. 60.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) opened at 75.90 on Friday. Cincinnati Financial Corp. has a 12 month low of $53.64 and a 12 month high of $78.09. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 19.51 and a beta of 0.82. The firm has a 50-day moving average price of $72.65 and a 200 day moving average price of $73.19.
Cincinnati Financial Corp. (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Cincinnati Financial Corp. had a return on equity of 8.34% and a net margin of 11.98%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business earned $1.04 EPS. On average, analysts anticipate that Cincinnati Financial Corp. will post $3.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Wednesday, December 21st will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, December 19th. Cincinnati Financial Corp.’s payout ratio is 49.36%.
Separately, Zacks Investment Research lowered Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th.
In related news, Director David P. Osborn acquired 500 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $68.44 per share, with a total value of $34,220.00. Following the purchase, the director now owns 19,845 shares of the company’s stock, valued at $1,358,191.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.22% of the stock is owned by corporate insiders.
Cincinnati Financial Corp. Company Profile
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 over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.