3,085 Shares in Cincinnati Financial Corporation (NASDAQ:CINF) Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,085 shares of the insurance provider's stock, valued at approximately $456,000.

Other large investors also recently modified their holdings of the company. Spire Wealth Management lifted its holdings in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Cincinnati Financial during the 1st quarter valued at $30,000. GoalVest Advisory LLC lifted its stake in Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 102 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CINF. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Cincinnati Financial Stock Performance

CINF traded up $1.30 during trading hours on Thursday, hitting $149.03. The stock had a trading volume of 578,625 shares, compared to its average volume of 647,361. The company's fifty day simple moving average is $147.80 and its 200 day simple moving average is $142.26. Cincinnati Financial Corporation has a 1 year low of $115.43 and a 1 year high of $161.75. The stock has a market cap of $23.29 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 9.81 and a beta of 0.76. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

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.