Cincinnati Financial Corporation $CINF Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 15.6% during the 1st quarter, owning approximately 0.66% of the company worth $150.5 million.
• Cincinnati Financial reported a Q2 EPS of $1.97, beating estimates and showing a revenue increase of 15.5% year-over-year, despite actual revenues falling short of analyst expectations.
• The company announced a quarterly dividend of $0.87, with an annualized yield of 2.3%, scheduled to be paid on October 15th.

AQR Capital Management LLC increased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,026,725 shares of the insurance provider's stock after acquiring an additional 138,886 shares during the quarter. AQR Capital Management LLC owned approximately 0.66% of Cincinnati Financial worth $150,579,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Park National Corp OH lifted its stake in shares of Cincinnati Financial by 0.6% in the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after acquiring an additional 72 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after acquiring an additional 76 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after acquiring an additional 91 shares in the last quarter. CWA Asset Management Group LLC raised its stake 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 in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its stake in Cincinnati Financial by 5.2% during the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider's stock valued at $279,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

CINF has been the topic of several research reports. Roth Capital upped their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $159.40.

Cincinnati Financial Stock Up 0.4%

NASDAQ:CINF opened at $153.53 on Thursday. The firm has a market capitalization of $24.01 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 7.52 and a beta of 0.72. The stock has a 50 day moving average of $150.19 and a 200-day moving average of $145.21. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion during 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 revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. Analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio is 30.18%.

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.

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