Inspire Advisors LLC Acquires New Shares in Cincinnati Financial Corporation (NASDAQ:CINF)

Key Points

• Inspire Advisors LLC has acquired a new position in Cincinnati Financial Corporation, purchasing 5,605 shares valued at approximately $828,000.
• Multiple institutional investors have increased their stakes in Cincinnati Financial, with Geode Capital Management and Northern Trust both reporting significant increases in holdings during the last quarter.
• Cincinnati Financial's stock has a consensus rating of "Moderate Buy" from analysts, with an average price target of $155.25, reflecting positive market sentiment.

Inspire Advisors LLC bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,605 shares of the insurance provider's stock, valued at approximately $828,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cincinnati Financial by 2.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,257 shares of the insurance provider's stock worth $4,617,000 after acquiring an additional 793 shares during the last quarter. Empirical Finance LLC raised its position in Cincinnati Financial by 3.6% in the 1st quarter. Empirical Finance LLC now owns 5,508 shares of the insurance provider's stock valued at $814,000 after purchasing an additional 189 shares during the last quarter. HB Wealth Management LLC boosted its stake in Cincinnati Financial by 28.0% in the first quarter. HB Wealth Management LLC now owns 3,353 shares of the insurance provider's stock worth $495,000 after purchasing an additional 733 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Cincinnati Financial by 28.8% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 107,821 shares of the insurance provider's stock worth $15,923,000 after purchasing an additional 24,100 shares during the last quarter. Finally, Trilogy Capital Inc. grew its holdings in shares of Cincinnati Financial by 0.5% during the first quarter. Trilogy Capital Inc. now owns 21,772 shares of the insurance provider's stock worth $3,216,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Trading Down 1.5%

Shares of CINF traded down $2.30 during trading hours on Monday, hitting $147.10. 828,574 shares of the stock traded hands, compared to its average volume of 496,470. The business has a fifty day moving average of $147.89 and a 200-day moving average of $142.69. The firm has a market capitalization of $22.99 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 9.92 and a beta of 0.76. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. Cincinnati Financial's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 earnings per share. Analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 23rd were issued a $0.87 dividend. The ex-dividend date was Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.37%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday, July 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $155.25.

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.