FJ Capital Management LLC Increases Position in Cincinnati Financial Corporation $CINF

Key Points

• FJ Capital Management LLC increased its stake in Cincinnati Financial Corporation by 97.5% during the first quarter, acquiring an additional 14,464 shares, bringing their total holdings to 29,293 shares valued at approximately $4.3 million.
• Research analysts have set a consensus price target of $159.40 for CINF, with several upgrading their ratings, including Roth Capital lifting it from $160.00 to $175.00.
• Cincinnati Financial reported a quarterly earnings per share of $1.97, exceeding analysts' estimates, and declared a quarterly dividend of $0.87 per share, representing an annual dividend yield of 2.3%.

FJ Capital Management LLC grew its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 97.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,293 shares of the insurance provider's stock after purchasing an additional 14,464 shares during the period. FJ Capital Management LLC's holdings in Cincinnati Financial were worth $4,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CINF. Flputnam Investment Management Co. grew its position in Cincinnati Financial by 3.1% during the 1st quarter. Flputnam Investment Management Co. now owns 24,199 shares of the insurance provider's stock worth $3,575,000 after acquiring an additional 732 shares during the last quarter. Baird Financial Group Inc. grew its position in Cincinnati Financial by 1.4% during the 1st quarter. Baird Financial Group Inc. now owns 98,515 shares of the insurance provider's stock worth $14,553,000 after acquiring an additional 1,405 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Cincinnati Financial during the 1st quarter worth approximately $32,000. OMERS ADMINISTRATION Corp grew its position in Cincinnati Financial by 12.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 18,027 shares of the insurance provider's stock worth $2,663,000 after acquiring an additional 1,988 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Cincinnati Financial by 20.8% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 4,045 shares of the insurance provider's stock worth $598,000 after acquiring an additional 696 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

NASDAQ CINF traded down $2.23 on Friday, hitting $153.36. 333,269 shares of the company's stock were exchanged, compared to its average volume of 672,473. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $161.74. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 7.51 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 stock has a 50-day moving average of $150.39 and a 200-day moving average of $145.33.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.Cincinnati Financial'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 EPS. Analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Wall Street Analyst Weigh In

CINF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital raised their price objective on 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 stock. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus 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.