Manning & Napier Advisors LLC Has $5.59 Million Stake in Cincinnati Financial Corporation (NASDAQ:CINF)

Manning & Napier Advisors LLC decreased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,811 shares of the insurance provider's stock after selling 5,218 shares during the quarter. Manning & Napier Advisors LLC's holdings in Cincinnati Financial were worth $5,585,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CINF. Canton Hathaway LLC acquired a new stake in Cincinnati Financial in the first quarter worth about $48,000. Weaver Capital Management LLC raised its position in shares of Cincinnati Financial by 5.2% during the 1st quarter. Weaver Capital Management LLC now owns 4,384 shares of the insurance provider's stock worth $648,000 after buying an additional 217 shares in the last quarter. Praxis Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 89.0% in the 1st quarter. Praxis Investment Management Inc. now owns 10,832 shares of the insurance provider's stock worth $1,600,000 after acquiring an additional 5,100 shares during the period. United Advisor Group LLC lifted its stake in shares of Cincinnati Financial by 47.9% in the 1st quarter. United Advisor Group LLC now owns 6,900 shares of the insurance provider's stock worth $1,019,000 after acquiring an additional 2,234 shares during the period. Finally, ORG Wealth Partners LLC boosted its holdings in shares of Cincinnati Financial by 14.1% in the first quarter. ORG Wealth Partners LLC now owns 5,517 shares of the insurance provider's stock valued at $814,000 after acquiring an additional 683 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

CINF stock traded up $2.04 on Thursday, hitting $145.76. 337,566 shares of the company's stock traded hands, compared to its average volume of 659,097. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 9.54 and a beta of 0.78. Cincinnati Financial Corporation has a 1-year low of $114.41 and a 1-year high of $161.75. 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 fifty day moving average of $145.07 and a 200-day moving average of $142.22.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly 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 analysts' expectations of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.40.

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.