Riverpoint Capital Management Lowers stake in Cincinnati Financial Corporation (CINF)

Cincinnati Financial Corporation (CINF) : Riverpoint Capital Management reduced its stake in Cincinnati Financial Corporation by 0.15% during the most recent quarter end. The investment management company now holds a total of 260,441 shares of Cincinnati Financial Corporation which is valued at $17.6 Million after selling 382 shares in Cincinnati Financial Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Cincinnati Financial Corporation makes up approximately 1.74% of Riverpoint Capital Management’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association boosted its stake in CINF in the latest quarter, The investment management firm added 994 additional shares and now holds a total of 45,541 shares of Cincinnati Financial Corporation which is valued at $3.1 Million. Cincinnati Financial Corporation makes up approx 0.01% of United Services Automobile Association’s portfolio.Jefferies Group reduced its stake in CINF by selling 3,133 shares or 15.84% in the most recent quarter. The Hedge Fund company now holds 16,650 shares of CINF which is valued at $1.1 Million. Cincinnati Financial Corporation makes up approx 0.04% of Jefferies Group’s portfolio.Wetherby Asset Management Inc reduced its stake in CINF by selling 140 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 4,391 shares of CINF which is valued at $297,227. Cincinnati Financial Corporation makes up approx 0.07% of Wetherby Asset Management Inc’s portfolio.Global X Management Co boosted its stake in CINF in the latest quarter, The investment management firm added 1,245 additional shares and now holds a total of 1,400 shares of Cincinnati Financial Corporation which is valued at $93,478. Cincinnati Financial Corporation makes up approx 0.01% of Global X Management Co’s portfolio.Liberty Mutual Group Asset Management boosted its stake in CINF in the latest quarter, The investment management firm added 620 additional shares and now holds a total of 9,774 shares of Cincinnati Financial Corporation which is valued at $652,610. Cincinnati Financial Corporation makes up approx 0.03% of Liberty Mutual Group Asset Management’s portfolio.

Cincinnati Financial Corporation opened for trading at $67.93 and hit $68.31 on the upside on Friday, eventually ending the session at $68.16, with a gain of 0.75% or 0.51 points. The heightened volatility saw the trading volume jump to 5,62,238 shares. Company has a market cap of $11,202,369 M.

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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