Neuburgh Advisers LLC reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,408 shares of the insurance provider’s stock after selling 1,648 shares during the period. Neuburgh Advisers LLC’s holdings in Cincinnati Financial were worth $969,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. bought a new position in shares of Cincinnati Financial during the third quarter valued at about $108,000. Clarius Group LLC acquired a new stake in Cincinnati Financial during the first quarter valued at about $130,000. Fuller & Thaler Asset Management Inc. raised its stake in Cincinnati Financial by 46.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the insurance provider’s stock valued at $143,000 after buying an additional 600 shares during the last quarter. MCF Advisors LLC raised its stake in Cincinnati Financial by 2.4% in the first quarter. MCF Advisors LLC now owns 2,243 shares of the insurance provider’s stock valued at $162,000 after buying an additional 52 shares during the last quarter. Finally, First Manhattan Co. raised its stake in Cincinnati Financial by 36.2% in the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock valued at $183,000 after buying an additional 648 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.
Cincinnati Financial Co. (NASDAQ:CINF) traded down 0.263% during trading on Tuesday, reaching $70.155. 33,478 shares of the company were exchanged. The stock has a market capitalization of $11.55 billion, a P/E ratio of 19.321 and a beta of 0.81. The company’s 50-day moving average price is $70.32 and its 200-day moving average price is $72.73. Cincinnati Financial Co. has a 1-year low of $68.11 and a 1-year high of $79.60.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. Cincinnati Financial had a net margin of 10.85% and a return on equity of 7.33%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Cincinnati Financial Co. will post $2.80 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Wednesday, June 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, June 19th. Cincinnati Financial’s payout ratio is 54.08%.
TRADEMARK VIOLATION WARNING: “Neuburgh Advisers LLC Sells 1,648 Shares of Cincinnati Financial Co. (CINF)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/06/06/neuburgh-advisers-llc-has-969000-position-in-cincinnati-financial-co-cinf-updated-updated.html.
Several analysts have issued reports on CINF shares. MKM Partners restated a “buy” rating and set a $90.00 price target on shares of Cincinnati Financial in a research report on Friday, February 10th. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Tuesday, March 14th. Keefe, Bruyette & Woods set a $70.00 target price on shares of Cincinnati Financial and gave the stock a “hold” rating in a report on Wednesday, May 24th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $72.00 target price on shares of Cincinnati Financial in a report on Monday, May 22nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.75.
In other Cincinnati Financial news, Director David P. Osborn acquired 1,925 shares of the stock in a transaction dated Monday, May 8th. The stock was acquired at an average price of $70.00 per share, with a total value of $134,750.00. Following the completion of the purchase, the director now owns 21,542 shares in the company, valued at approximately $1,507,940. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.22% of the company’s stock.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
Receive News & Stock Ratings for Cincinnati Financial Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cincinnati Financial Co. and related stocks with our FREE daily email newsletter.