IFM Investors Pty Ltd Grows Stock Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

IFM Investors Pty Ltd grew its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,832 shares of the insurance provider's stock after purchasing an additional 1,988 shares during the quarter. IFM Investors Pty Ltd's holdings in Cincinnati Financial were worth $4,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Spire Wealth Management raised its stake in 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 acquiring an additional 76 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial during the 1st quarter worth $30,000. GoalVest Advisory LLC raised its stake in 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 acquiring an additional 102 shares in the last quarter. Whipplewood Advisors LLC raised its stake in Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after acquiring an additional 200 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 250 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $1.14 during trading on Thursday, reaching $147.85. The company's stock had a trading volume of 456,473 shares, compared to its average volume of 652,686. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 9.70 and a beta of 0.76. The business's fifty day moving average price is $147.39 and its 200-day moving average price is $142.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a twelve month low of $115.43 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 earnings per share. As a group, analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is 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.