Johnson Financial Group buys $6,018,368 stake in Cincinnati Financial Corporation (CINF)

Cincinnati Financial Corporation (CINF) : Johnson Financial Group scooped up 974 additional shares in Cincinnati Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 79,398 shares of Cincinnati Financial Corporation which is valued at $6,018,368.Cincinnati Financial Corporation makes up approximately 0.80% of Johnson Financial Group’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd boosted its stake in CINF in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 80,986 shares of Cincinnati Financial Corporation which is valued at $6,138,739. Cincinnati Financial Corporation makes up approx 0.02% of Pictet Asset Management Ltd’s portfolio.National Pension Service boosted its stake in CINF in the latest quarter, The investment management firm added 125,475 additional shares and now holds a total of 125,661 shares of Cincinnati Financial Corporation which is valued at $9,525,104. Cincinnati Financial Corporation makes up approx 0.08% of National Pension Service’s portfolio.Aston Asset Management reduced its stake in CINF by selling 4,799 shares or 46.17% in the most recent quarter. The Hedge Fund company now holds 5,596 shares of CINF which is valued at $424,177. Cincinnati Financial Corporation makes up approx 0.25% of Aston Asset Management’s portfolio.Utah Retirement Systems reduced its stake in CINF by selling 2,100 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 27,369 shares of CINF which is valued at $2,054,317. Cincinnati Financial Corporation makes up approx 0.05% of Utah Retirement Systems’s portfolio.Wall Street Access Asset Management reduced its stake in CINF by selling 100 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 24,000 shares of CINF which is valued at $1,801,440. Cincinnati Financial Corporation makes up approx 1.05% of Wall Street Access Asset Management’s portfolio.

Cincinnati Financial Corporation opened for trading at $76.19 and hit $77.41 on the upside on Monday, eventually ending the session at $77.36, with a gain of 1.52% or 1.16 points. The heightened volatility saw the trading volume jump to 4,14,162 shares. Company has a market cap of $12,732 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 Aug 12, 2016, Cincinnati Financial Corporation announced a cash dividend of $0.4800. The company’s management has announced Sep 19, 2016 as the ex-dividend date and fixed the record date on Sep 21, 2016. The payable date has been fixed on Oct 14, 2016.

Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by MKM Partners on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Company shares were Reiterated by MKM Partners on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .

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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