Brookstone Capital Management Takes $794,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Brookstone Funds Management purchased a new stake in Cincinnati Economical Co. (NASDAQ:CINF – Get Rating) in the 1st quarter, in accordance to the firm in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,816 shares of the coverage provider’s stock, valued at roughly $794,000.

Many other hedge funds have also recently made improvements to their positions in the company. Initial Affirmative Economical Network enhanced its holdings in Cincinnati Economic by 3.4% in the course of the fourth quarter. Very first Affirmative Monetary Network now owns 2,557 shares of the insurance plan provider’s stock really worth $291,000 soon after obtaining an added 83 shares all through the final quarter. Smith Shellnut Wilson LLC ADV greater its holdings in Cincinnati Economic by 2.3% through the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 3,731 shares of the insurance plan provider’s stock well worth $425,000 right after getting an extra 84 shares in the course of the final quarter. F3Logic LLC amplified its holdings in Cincinnati Monetary by 2.6% for the duration of the fourth quarter. F3Logic LLC now owns 3,409 shares of the insurance policy provider’s inventory worth $389,000 right after buying an further 86 shares all through the past quarter. Kentucky Retirement Systems Coverage Have confidence in Fund increased its holdings in Cincinnati Economical by 2.3% throughout the fourth quarter. Kentucky Retirement Systems Insurance policy Believe in Fund now owns 3,983 shares of the coverage provider’s stock value $454,000 soon after buying an added 90 shares throughout the past quarter. Ultimately, Manchester Capital Management LLC enhanced its holdings in Cincinnati Economical by 10.4% through the fourth quarter. Manchester Money Management LLC now owns 1,008 shares of the insurance policies provider’s inventory well worth $115,000 right after shopping for an extra 95 shares throughout the previous quarter. Institutional traders individual 66.34% of the company’s inventory.

CINF opened at $116.50 on Friday. The enterprise has a sector capitalization of $18.68 billion, a cost-to-earnings ratio of 9.25 and a beta of .67. The firm has a quick ratio of .29, a current ratio of .29 and a debt-to-fairness ratio of .07. The organization has a 50-working day shifting common price tag of $125.51 and a 200-working day going regular rate of $123.86. Cincinnati Monetary Co. has a twelve thirty day period lower of $108.88 and a twelve thirty day period significant of $143.22.

Cincinnati Money (NASDAQ:CINF – Get Rating) previous posted its earnings effects on Thursday, April 28th. The insurance policy supplier described $1.58 earnings for each share for the quarter, topping the consensus estimate of $1.48 by $.10. The business experienced earnings of $1.22 billion through the quarter, when compared to the consensus estimate of $1.83 billion. Cincinnati Economical had a web margin of 23.82% and a return on equity of 8.79%. The company’s earnings was down 45.4% on a yr-around-yr foundation. In the course of the identical quarter very last yr, the enterprise attained $1.37 earnings for each share. On ordinary, provide-facet analysts hope that Cincinnati Monetary Co. will post 5.75 earnings for every share for the current fiscal yr.

The enterprise also recently disclosed a quarterly dividend, which will be compensated on Friday, July 15th. Stockholders of document on Friday, June 17th will be specified a $.69 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This signifies a $2.76 dividend on an annualized basis and a dividend generate of 2.37%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.92%.

In other information, Director Dirk J. Debbink obtained 410 shares of the business’s inventory in a transaction dated Friday, May perhaps 20th. The inventory was bought at an average charge of $120.67 per share, for a complete transaction of $49,474.70. Pursuing the completion of the transaction, the director now owns 43,507 shares of the company’s inventory, valued at $5,249,989.69. The purchase was disclosed in a authorized filing with the Securities & Exchange Fee, which can be accessed by this hyperlink. 2.95% of the inventory is at present owned by organization insiders.

Independently, StockNews.com initiated protection on shares of Cincinnati Economical in a report on Thursday, March 31st. They established a “hold” score for the firm.

Cincinnati Economic Firm Profile (Get Score)

Cincinnati Money Corporation, alongside one another with its subsidiaries, provides property casualty coverage merchandise in the United States. The company operates as a result of five segments: Industrial Lines Insurance coverage, Particular Strains Insurance policy, Extra and Surplus Strains Insurance policy, Existence Insurance policies, and Investments. The Business Traces Insurance policies phase offers protection for commercial casualty, professional assets, professional auto, and workers’ compensation.

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