GAMMA Investing LLC Purchases 810,840 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

GAMMA Investing LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 15,698.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 816,005 shares of the insurance provider's stock after buying an additional 810,840 shares during the period. GAMMA Investing LLC owned 0.52% of Cincinnati Financial worth $120,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $51,000. Institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

CINF has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Price Performance

NASDAQ:CINF traded down $0.14 during mid-day trading on Thursday, hitting $149.63. The company's stock had a trading volume of 57,595 shares, compared to its average volume of 661,175. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 8.30 and a beta of 0.73. The stock has a fifty day moving average of $141.31 and a 200-day moving average of $143.27.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. As a group, equities analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is currently 37.95%.

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.