DNB Asset Management AS Has $3.46 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

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DNB Asset Management AS boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 11.6% in the first quarter, Holdings Channel reports. The firm owned 25,411 shares of the insurance provider’s stock after purchasing an additional 2,651 shares during the period. DNB Asset Management AS’s holdings in Cincinnati Financial were worth $3,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. My Legacy Advisors LLC acquired a new position in shares of Cincinnati Financial in the first quarter valued at approximately $931,000. Telemus Capital LLC boosted its holdings in shares of Cincinnati Financial by 10.3% in the first quarter. Telemus Capital LLC now owns 9,616 shares of the insurance provider’s stock valued at $1,307,000 after buying an additional 898 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Cincinnati Financial by 49.6% in the first quarter. Pacer Advisors Inc. now owns 11,595 shares of the insurance provider’s stock valued at $1,576,000 after buying an additional 3,844 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC boosted its holdings in shares of Cincinnati Financial by 45,600.0% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 1,371 shares of the insurance provider’s stock valued at $186,000 after buying an additional 1,368 shares during the period. Finally, Values First Advisors Inc. acquired a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $1,428,000. Hedge funds and other institutional investors own 66.34% of the company’s stock.

Shares of CINF stock opened at $113.58 on Friday. The company’s fifty day simple moving average is $125.95 and its 200-day simple moving average is $123.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.07. The firm has a market cap of $18.21 billion, a PE ratio of 9.02 and a beta of 0.67. Cincinnati Financial Co. has a 12 month low of $108.88 and a 12 month high of $143.22.

Cincinnati Financial (NASDAQ:CINFGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The insurance provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.10. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.83 billion. Cincinnati Financial had a net margin of 23.82% and a return on equity of 8.79%. The firm’s revenue for the quarter was down 45.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. On average, equities analysts predict that Cincinnati Financial Co. will post 5.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, June 17th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, June 16th. Cincinnati Financial’s dividend payout ratio is presently 21.92%.

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 410 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were acquired at an average price of $120.67 per share, with a total value of $49,474.70. Following the completion of the transaction, the director now directly owns 43,507 shares in the company, valued at approximately $5,249,989.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.95% of the company’s stock.

Separately, StockNews.com began coverage on shares of Cincinnati Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company.

About Cincinnati Financial (Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers’ compensation.

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