Johnson Investment Counsel Inc buys $40.3 Million stake in Cincinnati Financial Corporation (CINF)

Cincinnati Financial Corporation (CINF) : Johnson Investment Counsel Inc scooped up 30,706 additional shares in Cincinnati Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 595,632 shares of Cincinnati Financial Corporation which is valued at $40.3 Million.Cincinnati Financial Corporation makes up approximately 1.43% of Johnson Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Rpg Investment Advisory sold out all of its stake in CINF during the most recent quarter. The investment firm sold 4,700 shares of CINF which is valued $318,143.Truepoint boosted its stake in CINF in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 21,396 shares of Cincinnati Financial Corporation which is valued at $1.4 Million. Cincinnati Financial Corporation makes up approx 0.19% of Truepoint’s portfolio.Sonora Investment Management boosted its stake in CINF in the latest quarter, The investment management firm added 2,810 additional shares and now holds a total of 6,935 shares of Cincinnati Financial Corporation which is valued at $469,430. Cincinnati Financial Corporation makes up approx 0.24% of Sonora Investment Management’s portfolio.

Cincinnati Financial Corporation closed down -0.21 points or -0.30% at $68.7 with 4,92,493 shares getting traded on Wednesday. Post opening the session at $69.02, the shares hit an intraday low of $68.5 and an intraday high of $69.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cincinnati Financial Corporation reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.72. The company had revenue of $1364.00 million for the quarter, compared to analysts expectations of $1095.00 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Investors should note that on May 2, 2016, Cincinnati Financial Corporation announced a cash dividend of $0.4800. The company’s management has announced Jun 20, 2016 as the ex-dividend date and fixed the record date on Jun 22, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 66 from a previous price target of $59 .

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 39 states. The Company operates through five segments: Commercial lines Personal lines Excess and surplus lines Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company which provides life insurance disability income policies and fixed annuities and The Cincinnati Specialty Underwriters Insurance Company which offers excess and surplus lines insurance products.

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