Haverford Trust Co. Takes $327,000 Position in Cincinnati Financial Corporation (CINF)

Haverford Trust Co. acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,265 shares of the insurance provider’s stock, valued at approximately $327,000.

A number of other hedge funds have also recently modified their holdings of the stock. Seven Eight Capital LP bought a new stake in shares of Cincinnati Financial Corporation in the 2nd quarter valued at about $101,000. Canada Pension Plan Investment Board grew its position in shares of Cincinnati Financial Corporation by 12,727.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after buying an additional 1,400 shares during the last quarter. Korea Investment CORP grew its position in shares of Cincinnati Financial Corporation by 142.0% in the 2nd quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after buying an additional 852 shares during the last quarter. People s United Financial Inc. grew its position in shares of Cincinnati Financial Corporation by 6.5% in the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after buying an additional 110 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Cincinnati Financial Corporation in the 2nd quarter valued at about $152,000. Institutional investors and hedge funds own 62.24% of the company’s stock.

CINF has been the topic of a number of analyst reports. Zacks Investment Research lowered Cincinnati Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $70.00 price target on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. Finally, BidaskClub upgraded Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Cincinnati Financial Corporation has an average rating of “Hold” and a consensus target price of $79.25.

Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at $72.51 on Friday. Cincinnati Financial Corporation has a 52-week low of $68.24 and a 52-week high of $81.98. The company has a market capitalization of $11,921.46, a PE ratio of 28.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial Corporation (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up .7% on a year-over-year basis. equities research analysts expect that Cincinnati Financial Corporation will post 2.65 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.50 dividend. This represents a dividend yield of 2.72%. The ex-dividend date is Thursday, November 30th. This is a positive change from Cincinnati Financial Corporation’s previous special dividend of $0.46. Cincinnati Financial Corporation’s payout ratio is 66.23%.

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About Cincinnati Financial Corporation

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.

Institutional Ownership by Quarter for Cincinnati Financial Corporation (NASDAQ:CINF)

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