Federation des caisses Desjardins du Quebec Raises Position in Cincinnati Financial Corporation $CINF

Federation des caisses Desjardins du Quebec raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 71.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,331 shares of the insurance provider's stock after acquiring an additional 3,061 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Cincinnati Financial were worth $1,083,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Spire Wealth Management boosted its position in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cincinnati Financial during the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in shares of Cincinnati Financial during the 1st quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Cincinnati Financial during the 1st quarter worth about $32,000. Finally, GoalVest Advisory LLC boosted its position in shares of Cincinnati Financial by 65.4% during the 1st quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1%

NASDAQ CINF traded up $0.10 during trading hours on Friday, hitting $156.86. The company's stock had a trading volume of 613,681 shares, compared to its average volume of 407,174. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $161.74. The company has a market capitalization of $24.53 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 7.67 and a beta of 0.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company's 50-day simple moving average is $151.16 and its two-hundred day simple moving average is $146.10.

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, 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 quarter last year, the firm earned $1.29 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. Research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

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

Analyst Ratings Changes

CINF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital increased their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.40.

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.