Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Livingston Group Asset Management CO operating as Southport Capital Management

Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,600 shares of the insurance provider’s stock after acquiring an additional 152 shares during the period. Cincinnati Financial makes up about 0.9% of Livingston Group Asset Management CO operating as Southport Capital Management’s holdings, making the stock its 27th largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Cincinnati Financial were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR raised its stake in shares of Cincinnati Financial by 1.6% in the third quarter. Stephens Inc. AR now owns 5,872 shares of the insurance provider’s stock valued at $685,000 after acquiring an additional 95 shares in the last quarter. Curbstone Financial Management Corp raised its stake in Cincinnati Financial by 1.6% in the second quarter. Curbstone Financial Management Corp now owns 6,490 shares of the insurance provider’s stock valued at $673,000 after buying an additional 100 shares in the last quarter. Advisor Partners LLC raised its stake in Cincinnati Financial by 2.5% in the second quarter. Advisor Partners LLC now owns 4,392 shares of the insurance provider’s stock valued at $455,000 after buying an additional 108 shares in the last quarter. Fiera Capital Corp raised its stake in Cincinnati Financial by 4.5% in the second quarter. Fiera Capital Corp now owns 2,606 shares of the insurance provider’s stock valued at $270,000 after buying an additional 113 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in Cincinnati Financial by 42.3% in the second quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock valued at $39,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 64.16% of the company’s stock.

Shares of CINF traded down $0.92 during midday trading on Monday, reaching $110.73. 53,132 shares of the stock were exchanged, compared to its average volume of 545,994. The business’s 50-day moving average price is $114.70 and its 200 day moving average price is $105.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Co. has a twelve month low of $71.21 and a twelve month high of $118.19. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 33.06 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.19. Cincinnati Financial had a return on equity of 7.62% and a net margin of 14.18%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s revenue was down 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Cincinnati Financial Co. will post 3.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 18th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 66.87%.

A number of analysts have weighed in on the company. Buckingham Research raised their price target on Cincinnati Financial from $92.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. BidaskClub cut Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday. MKM Partners raised their price target on Cincinnati Financial from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price target on Cincinnati Financial to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $109.40.

Cincinnati Financial Company Profile

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

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

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