CoreCap Advisors LLC Boosts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

CoreCap Advisors LLC lifted its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 92.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,554 shares of the insurance provider's stock after acquiring an additional 5,076 shares during the period. CoreCap Advisors LLC's holdings in Cincinnati Financial were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd lifted its holdings in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial during the fourth quarter worth $50,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CINF shares. Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Performance

CINF traded up $2.20 on Monday, reaching $150.00. The company had a trading volume of 578,839 shares, compared to its average volume of 663,440. The stock has a 50-day moving average price of $139.59 and a 200-day moving average price of $142.83. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75. The stock has a market capitalization of $23.45 billion, a PE ratio of 10.33, a P/E/G ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Cincinnati Financial's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. As a group, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.