Cincinnati Financial Corporation (NASDAQ:CINF) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,204 shares of the insurance provider's stock after buying an additional 18,761 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.07% of Cincinnati Financial worth $15,098,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CINF. CWA Asset Management Group LLC boosted its holdings in shares of Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after buying an additional 94 shares in the last quarter. Merit Financial Group LLC lifted its stake in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after acquiring an additional 3,776 shares during the period. Captrust Financial Advisors raised its stake in Cincinnati Financial by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after buying an additional 2,122 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of Cincinnati Financial by 7.4% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock worth $55,802,000 after purchasing an additional 25,926 shares during the period. Finally, New York Life Investment Management LLC raised its holdings in Cincinnati Financial by 11.5% in the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 2,383 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded down $2.97 during trading on Wednesday, reaching $143.72. 478,749 shares of the company traded hands, compared to its average volume of 659,498. Cincinnati Financial Corporation has a 12-month low of $113.70 and a 12-month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $22.46 billion, a P/E ratio of 15.67, a PEG ratio of 9.78 and a beta of 0.78. The firm's fifty day simple moving average is $144.57 and its 200 day simple moving average is $142.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its 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. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company posted $1.72 EPS. The business's revenue was up 13.2% on a year-over-year basis. As a group, research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 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.