AG2R LA Mondiale Gestion D Actifs Invests $1.04 Million in Cincinnati Financial Corporation $CINF

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 6,882 shares of Cincinnati Financial Corporation, valued at approximately $1,038,000, in the first quarter of the year.
• Research firms have raised their price targets for Cincinnati Financial, with Roth Capital increasing its target from $160.00 to $175.00, maintaining a "buy" rating.
• Cincinnati Financial announced a quarterly dividend of $0.87 to be paid on October 15th, representing a 2.2% annual yield.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,882 shares of the insurance provider's stock, valued at approximately $1,038,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Cincinnati Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock worth $2,844,419,000 after purchasing an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 6.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after purchasing an additional 358,018 shares during the last quarter. Invesco Ltd. boosted its holdings in Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock worth $273,062,000 after purchasing an additional 40,222 shares during the last quarter. GQG Partners LLC purchased a new position in Cincinnati Financial during the first quarter worth about $270,005,000. Finally, Johnson Investment Counsel Inc. boosted its holdings in Cincinnati Financial by 4.2% during the first quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider's stock worth $205,061,000 after purchasing an additional 55,487 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Roth Capital boosted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.40.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $1.36 during midday trading on Friday, reaching $154.57. 116,168 shares of the stock were exchanged, compared to its average volume of 657,801. The company's fifty day moving average is $151.80 and its 200-day moving average is $146.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $24.17 billion, a PE ratio of 13.41, a PEG ratio of 7.56 and a beta of 0.72. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is currently 30.18%.

Cincinnati Financial Company 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.