Cerity Partners LLC Raises Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Cerity Partners LLC grew its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 22.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 43,100 shares of the insurance provider's stock after buying an additional 7,773 shares during the period. Cerity Partners LLC's holdings in Cincinnati Financial were worth $6,367,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CINF. Vanguard Group Inc. lifted its holdings in Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after buying an additional 173,417 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after buying an additional 185,705 shares during the period. Northern Trust Corp boosted its stake in shares of Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after buying an additional 162,714 shares during the last quarter. Norges Bank bought a new position in Cincinnati Financial in the fourth quarter valued at approximately $223,959,000. Finally, Dimensional Fund Advisors LP lifted its stake in Cincinnati Financial by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock valued at $203,438,000 after acquiring an additional 34,810 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.5%

NASDAQ CINF traded up $0.68 on Thursday, hitting $148.41. 237,365 shares of the company were exchanged, compared to its average volume of 646,795. Cincinnati Financial Corporation has a 12 month low of $115.43 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 company has a market cap of $23.20 billion, a PE ratio of 16.19, a PEG ratio of 9.68 and a beta of 0.76. The stock has a fifty day moving average of $147.80 and a 200-day moving average of $142.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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. The company had revenue of $2.34 billion for 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%. Cincinnati Financial's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and an average target price of $155.25.

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.