IFM Investors Pty Ltd lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,832 shares of the insurance provider's stock after buying an additional 1,988 shares during the period. 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 large investors have also recently made changes to their positions in the business. Spire Wealth Management lifted its holdings in shares of Cincinnati Financial by 77.6% in 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 during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Cincinnati Financial in the 1st quarter worth about $30,000. GoalVest Advisory LLC grew its stake in shares of Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Cincinnati Financial by 333.3% during the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Cincinnati Financial by 5,000.0% during the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.
Cincinnati Financial Stock Down 0.1%
Shares of CINF stock traded down $0.14 on Tuesday, hitting $146.09. The stock had a trading volume of 539,378 shares, compared to its average volume of 651,842. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $147.11 and a 200 day moving average price of $142.10. The company has a market cap of $22.83 billion, a PE ratio of 15.93, a P/E/G ratio of 9.87 and a beta of 0.76. Cincinnati Financial Corporation has a one year low of $115.43 and a one year high of $161.75.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The firm'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. Research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial's payout ratio is currently 37.95%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on CINF shares. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.50.
Read Our Latest Report on CINF
Cincinnati Financial Profile
(
Free Report)
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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