Cincinnati Financial Corporation $CINF Shares Acquired by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its stake in Cincinnati Financial Corporation by 5.9%, owning 97,744 shares worth approximately $14.56 million as of the latest SEC filing.
• Cincinnati Financial reported earnings of $1.97 per share for the latest quarter, significantly surpassing analysts' expectations of $1.39, with a revenue of $2.48 billion.
• The company recently paid a quarterly dividend of $0.87 per share, with an annualized yield of 2.2% and a dividend payout ratio of 30.18%.

Cullen Frost Bankers Inc. raised its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,744 shares of the insurance provider's stock after buying an additional 5,473 shares during the period. Cullen Frost Bankers Inc. owned about 0.06% of Cincinnati Financial worth $14,556,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CINF. Bison Wealth LLC acquired a new position in Cincinnati Financial in the fourth quarter worth approximately $210,000. GAMMA Investing LLC grew its position in 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 buying an additional 359 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Cincinnati Financial by 22.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 102,204 shares of the insurance provider's stock worth $15,098,000 after buying an additional 18,761 shares during the last quarter. Asset Management One Co. Ltd. grew its position in 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 worth $9,654,000 after buying an additional 5,159 shares during the last quarter. Finally, Legacy Advisors LLC acquired a new position in Cincinnati Financial in the first quarter worth approximately $447,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Trading Down 0.5%

Cincinnati Financial stock opened at $155.47 on Thursday. The company has a 50 day moving average price of $155.77 and a 200 day moving average price of $148.64. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 7.32 and a beta of 0.72.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business posted $1.29 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial's dividend payout ratio (DPR) is currently 30.18%.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. Weiss Ratings restated a "buy (b)" rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Roth Capital raised their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four research 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 a consensus rating of "Moderate Buy" and an average price target 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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