Cincinnati Financial Corporation $CINF is Dupree Financial Group LLC's 5th Largest Position

Key Points

• Dupree Financial Group LLC increased its stake in Cincinnati Financial Corporation by 43.3%, making it the firm's fifth-largest position at 75,911 shares valued at approximately $11.3 million.
• Cincinnati Financial reported a net income of $1.97 per share for the latest quarter, exceeding analysts' estimates, while its quarterly revenue reached $2.48 billion, showing a year-over-year increase of 15.5%.
• The company recently declared a quarterly dividend of $0.87 per share, equating to an annual yield of 2.2% and a payout ratio of 30.18%.

Dupree Financial Group LLC grew its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 43.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,911 shares of the insurance provider's stock after purchasing an additional 22,941 shares during the period. Cincinnati Financial comprises about 4.5% of Dupree Financial Group LLC's portfolio, making the stock its 5th biggest position. Dupree Financial Group LLC's holdings in Cincinnati Financial were worth $11,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CINF. Bison Wealth LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth approximately $210,000. GAMMA Investing LLC grew its stake in shares of Cincinnati Financial by 7.0% in the first quarter. GAMMA Investing LLC now owns 5,524 shares of the insurance provider's stock worth $816,000 after acquiring an additional 359 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Cincinnati Financial by 22.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 102,204 shares of the insurance provider's stock worth $15,098,000 after acquiring an additional 18,761 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Cincinnati Financial by 8.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock valued at $9,654,000 after acquiring an additional 5,159 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new stake in shares of Cincinnati Financial in the first quarter valued at $447,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 1.2%

Shares of NASDAQ CINF opened at $154.90 on Tuesday. The business has a 50-day moving average of $155.64 and a two-hundred day moving average of $148.53. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $166.90. 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 issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. On average, analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were issued a $0.87 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio is presently 30.18%.

Wall Street Analysts Forecast Growth

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Roth Capital upped their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price of $157.25.

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.

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