Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 38.0% in the first quarter, according to the company in its most recent Form 13F 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 SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GoalVest Advisory LLC raised its holdings in Cincinnati Financial by 65.4% in 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 during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares during the period. McClarren Financial Advisors Inc. acquired a new position in Cincinnati Financial in the fourth quarter valued at $50,000. Finally, Kentucky Trust Co acquired a new position in Cincinnati Financial in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Down 1.3%

CINF stock traded down $1.89 during trading on Friday, reaching $146.36. 440,848 shares of the stock traded hands, compared to its average volume of 661,381. The firm 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The business's 50 day moving average price is $142.24 and its 200-day moving average price is $143.04. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The company's revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Ratings Changes

A number of brokerages have issued reports on CINF. Keefe, Bruyette & Woods decreased their price target 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. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.40.

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.