Cincinnati Financial Corporation (CINF) Position Cut by Aviance Capital Partners LLC

Cincinnati Financial Corporation (CINF) Position Cut by Aviance Capital Partners LLC

Aviance Capital Partners LLC cut its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 13.8% during the third quarter, Holdings Channel reports. The firm owned 12,500 shares of the company’s stock after selling 2,000 shares during the period. Aviance Capital Partners LLC’s holdings in Cincinnati Financial Corporation were worth $943,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CINF. Royal Bank of Canada raised its position in shares of Cincinnati Financial Corporation 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 during the last quarter. National Pension Service raised its position in shares of Cincinnati Financial Corporation by 9.5% in the third quarter. National Pension Service now owns 137,620 shares of the company’s stock valued at $10,379,000 after buying an additional 11,959 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Cincinnati Financial Corporation during the second quarter valued at about $13,230,000. First Financial Bank N.A. Trust Division raised its position in shares of Cincinnati Financial Corporation by 9.9% in the third quarter. First Financial Bank N.A. Trust Division now owns 202,181 shares of the company’s stock valued at $15,249,000 after buying an additional 18,263 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of Cincinnati Financial Corporation by 8.2% in the third quarter. Brookstone Capital Management now owns 56,164 shares of the company’s stock valued at $4,236,000 after buying an additional 4,272 shares during the last quarter. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.71% during midday trading on Friday, hitting $70.18. 66,539 shares of the stock traded hands. The firm has a 50-day moving average price of $74.74 and a 200 day moving average price of $74.75. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 18.04 and a beta of 0.84. Cincinnati Financial Corporation has a one year low of $55.04 and a one year high of $79.60.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. Cincinnati Financial Corporation had a net margin of 11.98% and a return on equity of 8.34%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Analysts anticipate that Cincinnati Financial Corporation will post $2.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Wednesday, December 21st were issued a $0.48 dividend. The ex-dividend date was Monday, December 19th. This represents a $1.92 dividend on an annualized basis and a yield of 2.72%. Cincinnati Financial Corporation’s dividend payout ratio is currently 49.36%.

CINF has been the topic of several research reports. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial Corporation in a report on Thursday, December 22nd. Finally, Janney Montgomery Scott initiated coverage on Cincinnati Financial Corporation in a report on Thursday, December 22nd. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Cincinnati Financial Corporation presently has an average rating of “Buy” and an average price target of $78.67.

In other news, Director David P. Osborn acquired 500 shares of the business’s stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $68.44 per share, for a total transaction of $34,220.00. Following the acquisition, the director now directly owns 19,845 shares of the company’s stock, valued at approximately $1,358,191.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald J. Doyle, Jr. sold 3,000 shares of the business’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $76.69, for a total transaction of $230,070.00. Following the completion of the transaction, the insider now owns 27,766 shares in the company, valued at approximately $2,129,374.54. The disclosure for this sale can be found here. Insiders own 9.22% of the company’s stock.

About Cincinnati Financial Corporation

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.

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Corporation (NASDAQ:CINF).

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