Transamerica Financial Advisors Inc. cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,610 shares of the insurance provider’s stock after selling 649 shares during the period. Cincinnati Financial accounts for about 0.9% of Transamerica Financial Advisors Inc.’s holdings, making the stock its 29th largest position. Transamerica Financial Advisors Inc. owned 0.06% of Cincinnati Financial worth $7,272,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in Cincinnati Financial during the third quarter valued at about $108,000. Clarius Group LLC bought 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. 61.09% of the stock is owned by institutional investors and hedge funds.
Shares of Cincinnati Financial Co. (NASDAQ:CINF) traded down 0.77% during midday trading on Monday, hitting $69.91. The company had a trading volume of 436,152 shares. The company has a market capitalization of $11.51 billion, a PE ratio of 19.25 and a beta of 0.81. The company has a 50-day moving average of $70.41 and a 200-day moving average of $72.73. Cincinnati Financial Co. has a 12 month low of $68.11 and a 12 month high of $79.60.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, April 26th. The insurance provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.37 billion. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. Analysts predict that Cincinnati Financial Co. will post $2.80 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Wednesday, June 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.86%. Cincinnati Financial’s payout ratio is 54.08%.
ILLEGAL ACTIVITY NOTICE: This article was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://sportsperspectives.com/2017/05/29/transamerica-financial-advisors-inc-has-7-272-million-position-in-cincinnati-financial-co-cinf.html.
Several equities research analysts have recently issued reports on CINF shares. MKM Partners reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Cincinnati Financial in a research note on Friday, February 10th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, March 14th. Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial in a research note on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Cincinnati Financial currently has an average rating of “Hold” and a consensus price target of $78.75.
In other Cincinnati Financial news, Director David P. Osborn acquired 1,925 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was bought at an average cost of $70.00 per share, for a total transaction of $134,750.00. Following the completion of the transaction, the director now owns 21,542 shares of the company’s stock, valued at approximately $1,507,940. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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 & 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 companies with MarketBeat.com’s FREE daily email newsletter.