Cincinnati Financial Corporation $CINF Stake Boosted 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 grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 about 0.66% of Cincinnati Financial worth $150,579,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Cincinnati Financial during the first quarter valued at $337,000. FJ Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 97.5% during the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider's stock valued at $4,327,000 after acquiring an additional 14,464 shares during the period. M&T Bank Corp boosted its holdings in shares of Cincinnati Financial by 12.7% during the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock valued at $1,161,000 after acquiring an additional 887 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of 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 acquiring an additional 94 shares during the period. Finally, OLD Republic International Corp boosted its holdings in shares of Cincinnati Financial by 1.0% during the first quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock valued at $58,955,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded up $0.64 during midday trading on Tuesday, hitting $154.10. The company's stock had a trading volume of 114,715 shares, compared to its average volume of 667,212. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock's 50-day moving average price is $150.62 and its 200-day moving average price is $145.71. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $161.74. The company has a market capitalization of $24.10 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 7.51 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the previous year, the business earned $1.29 earnings per share. Cincinnati Financial's revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CINF shares. Roth Capital boosted their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average price target of $159.40.

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.