Pallas Capital Advisors LLC Grows Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Pallas Capital Advisors LLC lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,826 shares of the insurance provider's stock after buying an additional 2,429 shares during the period. Pallas Capital Advisors LLC's holdings in Cincinnati Financial were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CINF. Vanguard Group Inc. boosted its stake in Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after buying an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after acquiring an additional 185,705 shares during the last quarter. Northern Trust Corp boosted its position 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 purchasing an additional 162,714 shares during the period. Finally, Norges Bank acquired a new stake in Cincinnati Financial in the 4th quarter valued at approximately $223,959,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 1.3%

Shares of NASDAQ:CINF traded down $1.89 during trading on Friday, hitting $146.36. The company's stock had a trading volume of 440,848 shares, compared to its average volume of 661,907. Cincinnati Financial Co. has a fifty-two week low of $112.27 and a fifty-two week high of $161.75. The business has a 50 day moving average price of $142.63 and a two-hundred day moving average price of $142.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a market capitalization of $22.88 billion, a PE ratio of 10.08, a P/E/G ratio of 8.30 and a beta of 0.78.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business posted $1.72 earnings per share. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on CINF. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average price target of $147.40.

About Cincinnati Financial

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.