Old National Bancorp, INC (IN) decreased its holdings of Cincinnati Financial Co (NASDAQ: CINF) by 7.5% during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission.
This information can be found in the report that the company has submitted.
The company provided this information in a filing it made with the SEC.
Even though 1,128 of the company’s shares had been sold during the preceding quarter, the company still had 13,933 of the insurance provider’s shares in its possession when the previous quarter came to a close. Old National Bancorp, INC reported to the Securities and Exchange Commission (SEC) that the value of the assets held by Cincinnati Financial was $1,248,000 in their most recent filing with the agency.
A good number of additional institutional investors have also made modifications to the stocks they currently own in their portfolios. Vanguard Group, INC increased the amount of Cincinnati Financial stock owned by 1.2% during the first three months of 2018. Vanguard Group INC now has 18,044,861 shares of the insurance provider’s stock, which are currently valued at $2,453,379,000, after making an additional purchase of 211,402 shares during the period in question.
The State Street Corporation increased its holdings in Cincinnati Financial by 4.1% during the first three months of 2018. State Street Corp. now holds 9,120,162 shares of the insurance provider’s stock, which have a value of $1,246,056,000 following the acquisition of an additional 360,552 shares during the preceding quarter.
This brings the total number of shares held by State Street Corp.
To 9,120,162.
During the first three months of the year, Cincinnati Financial saw a rise of 7.8 percentage points in the amount of Charles Schwab Investment Management INC stock it owned. Charles Schwab Investment Management INC now holds 2,422,692 shares of the insurance provider’s stock, which have a value of $329,390,000.
This resulted from purchasing an additional 175,968 shares during the preceding quarter.
In the third quarter, Cincinnati Financial saw a 16.0% increase in the percentage of the company’s portfolio held by ProShare Advisors LLC After making an additional purchase of 200,733 shares during the most recent quarter, ProShare Advisors LLC now possesses a total of 1,458,619 shares of the insurance provider’s stock, which has a value of $130,649,000.
These shares were purchased to bring the total number of shares owned by the company to 1,458,619; last but not least, during the second quarter, the holdings of Cincinnati Financial by Massachusetts Financial Services Co (MA) increased by 3.0%.
This is certainly not the least of the company’s accomplishments.
The insurance provider’s stock has a market value of $74,026,000, and Massachusetts Financial Services Co, MA, now owns a total of 622,169 shares after purchasing an additional 17,876 shares during the most recent quarter.
Most of the company’s stock is owned by institutional investors and hedge funds, which account for 66.34% of the total.
On Tuesday, December 6, director Dirk J.
Debbink purchased one thousand shares of the company’s stock.
This development is relevant to the discussion because it relates to the topic.
Due to the weighted average price of $106.13 per share, the total purchase cost was $106,130.00.
This was accomplished by purchasing the shares. Following the transaction’s conclusion, the director acquired ownership of 45,502 shares of the company.
The total value of these shares is $4,829,127.26. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
The company’s management and employees collectively own 2.95% of the company’s total shares of stock.
When trading started on Friday, the price of a share of Cincinnati Financial was $115.41.
The lowest price that Cincinnati Financial Co has traded at over the past year is $88.66, while the company’s all-time high was $143.22.
The moving averages for the company over the past 50 days are $106.48, and the moving averages over the past 200 days are $102.70.
All the ratios, including the debt-to-equity ratio, the current ratio, the quick ratio, and the current ratio, are all equal to zero, and the quick ratio is also equal to zero.
The most recent quarterly earnings report for Cincinnati Financial (NASDAQ: CINF) was released on October 31, a Monday.
This report covered the company’s performance over the past three months.
The insurance company’s earnings per share (EPS) for the quarter came in at $0.73, which was $0.02 higher than the consensus estimate of $0.71 floating around.
During the same period, both returns on equity and net margin increased for Cincinnati Financial, with return on equity increasing by 7.00% and net margin increasing by 0.43%, respectively.
Despite predictions made by analysts that the company would bring in $1.61 billion in revenue for the quarter, the actual amount that the company was able to bring in was only $1.41 billion.
The company reported a profit of $1.28 per share for the same quarter as the prior year compared to the results reported for that quarter in the prior year. Compared to the same quarter in the previous fiscal year, the most recent quarter of the company’s financial year saw a revenue decrease of 21.1%. Stock market analysts forecast that Cincinnati Financial Co will generate 4.2 cents per share earnings for the current fiscal year.
In addition, the company has announced that it will be distributing a quarterly dividend on April 14 of this year.
The dividend has been declared. On Friday, March 17, stockholders of record will be eligible to receive a $0.75 dividend payment.
This payment will be made to those stockholders who are eligible. On Thursday, March 16, this dividend will be distributed to shareholders whose accounts were in good standing as of that day (March 16).
The Cincinnati Financial dividend payment schedule has been adjusted to reflect the new amount, which is an increase from the previous payout of $0.60 per quarter.
This translates to a dividend yield of 2.60% and an annual dividend payment of $3. Cincinnati Financial has a dividend payout ratio (DPR) of 76.67 percent.
CINF has been the focus of numerous research projects and studies conducted by analysts that have been written up and published.
BMO Capital Markets announced, in a report made available on Thursday, January 17, 2019, that the company would start providing coverage for Cincinnati Financial.
They gave the business an overall rating of “market perform” and determined that the price objective should be set at $106.00.
In a research note published on December 5 by the firm, MKM Partners rated Cincinnati Financial as a “buy” and increased their price objective on the company from $120.00 to $130.00.
The research note was about Cincinnati Financial. Cincinnati Financial received a “sell” rating from StockNews.com on November 9, after the website had previously recommended that investors “hold” the company’s stock.
Previously, the website had given the company a “hold” rating.
According to a research note that Piper Sandler distributed on January 10, the price objective that the brokerage firm has set for Cincinnati Financial shares has increased from $98.00 to $100.00 since it was initially set.
The stock has received one buy rating, one sell rating, three hold ratings, and a consensus recommendation of “Hold” from the analysts who follow it in the research community.
According to Bloomberg, the current rating for Cincinnati Financial is “Hold,” and the company’s general price target is $107.00.
In addition, the price target for the company’s stock is expected to remain relatively stable.
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