Bahl & Gaynor Inc. Has $172.79 Million Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Bahl & Gaynor Inc. increased its stake in Cincinnati Financial Corporation by 4.4%, now holding 1,169,676 shares valued at approximately $172.79 million.
• Cincinnati Financial recently reported quarterly earnings of $1.97 per share, surpassing analysts' expectations by $0.58, with revenue showing a 15.5% year-over-year increase.
• The company declared a quarterly dividend of $0.87 per share, reflecting an annualized yield of 2.2% with a dividend payout ratio of 30.18%.

Bahl & Gaynor Inc. raised its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,169,676 shares of the insurance provider's stock after acquiring an additional 49,593 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.75% of Cincinnati Financial worth $172,785,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CINF. Hsbc Holdings PLC grew its stake in shares of Cincinnati Financial by 21.6% in the fourth quarter. Hsbc Holdings PLC now owns 382,931 shares of the insurance provider's stock valued at $54,981,000 after buying an additional 68,010 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Cincinnati Financial by 0.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 222,666 shares of the insurance provider's stock valued at $31,999,000 after buying an additional 1,630 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Cincinnati Financial in the fourth quarter valued at $708,000. Topsail Wealth Management LLC bought a new position in shares of Cincinnati Financial in the fourth quarter valued at $47,114,000. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Cincinnati Financial by 1.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,949 shares of the insurance provider's stock valued at $1,286,000 after buying an additional 133 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Roth Capital lifted their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.40.

Cincinnati Financial Stock Performance

Shares of CINF traded down $0.29 during midday trading on Thursday, reaching $153.72. 81,178 shares of the stock were exchanged, compared to its average volume of 680,736. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $161.74. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $24.04 billion, a P/E ratio of 13.33, a PEG ratio of 7.52 and a beta of 0.70. The stock's 50 day simple moving average is $149.43 and its 200 day simple moving average is $144.63.

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

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's payout ratio is 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.