Cambridge Investment Research Advisors Inc. Raises Stock Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Cambridge Investment Research Advisors Inc. lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 22.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 102,204 shares of the insurance provider's stock after purchasing an additional 18,761 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.07% of Cincinnati Financial worth $15,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CINF. Park National Corp OH boosted its holdings in Cincinnati Financial by 0.6% in the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock valued at $1,874,000 after acquiring an additional 72 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in Cincinnati Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after buying an additional 91 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Cincinnati Financial by 0.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock valued at $2,147,000 after buying an additional 94 shares during the period. CWA Asset Management Group LLC lifted its position in Cincinnati Financial by 4.1% during the first 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 during the period. Finally, GoalVest Advisory LLC lifted its position in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.3%

Cincinnati Financial stock traded up $0.47 during mid-day trading on Friday, reaching $146.23. The stock had a trading volume of 1,007,403 shares, compared to its average volume of 656,574. The company has a market capitalization of $22.86 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 9.71 and a beta of 0.78. The company has a 50-day moving average price of $145.35 and a two-hundred day moving average price of $142.13. Cincinnati Financial Corporation has a one year low of $114.75 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29.

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

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

Wall Street Analysts Forecast Growth

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

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.