MBB Public Markets I LLC Invests $318,000 in Cincinnati Financial Corporation $CINF

Key Points

• MBB Public Markets I LLC acquired 2,156 shares of Cincinnati Financial Corporation, valued at approximately $318,000, during the first quarter.
• Cincinnati Financial reported a $1.97 earnings per share for the latest quarter, exceeding the consensus estimate of $1.39, with a revenue of $2.48 billion.
• The company announced a quarterly dividend of $0.87 per share, with an annualized yield of 2.3%, scheduled for payment on October 15th.

MBB Public Markets I LLC acquired a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,156 shares of the insurance provider's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. Bison Wealth LLC acquired a new position in Cincinnati Financial in the 4th quarter worth approximately $210,000. Ameriprise Financial Inc. increased its holdings in Cincinnati Financial by 7.5% in the 4th quarter. Ameriprise Financial Inc. now owns 103,813 shares of the insurance provider's stock worth $14,933,000 after buying an additional 7,250 shares during the period. Cetera Investment Advisers increased its holdings in Cincinnati Financial by 7.8% in the 4th quarter. Cetera Investment Advisers now owns 19,764 shares of the insurance provider's stock worth $2,840,000 after buying an additional 1,437 shares during the period. Ensign Peak Advisors Inc increased its holdings in Cincinnati Financial by 14.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 72,424 shares of the insurance provider's stock worth $10,407,000 after buying an additional 9,197 shares during the period. Finally, Gotham Asset Management LLC boosted its position in Cincinnati Financial by 80.7% in the 4th quarter. Gotham Asset Management LLC now owns 60,506 shares of the insurance provider's stock worth $8,695,000 after purchasing an additional 27,027 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Down 0.0%

Shares of Cincinnati Financial stock traded down $0.01 on Monday, reaching $156.85. 85,559 shares of the company were exchanged, compared to its average volume of 662,414. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a market cap of $24.53 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 7.68 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock's 50 day moving average price is $151.16 and its 200-day moving average price is $146.11.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, equities analysts forecast 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 will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a $0.87 dividend. The ex-dividend date is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial's dividend payout ratio is presently 30.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Roth Capital raised their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus target price of $159.40.

Cincinnati Financial 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.