MBB Public Markets I LLC Makes New Investment 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 purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,156 shares of the insurance provider's stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Cincinnati Financial in the first quarter valued at $26,000. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial in the first quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Cincinnati Financial during the first quarter worth about $32,000. Finally, GoalVest Advisory LLC increased its position 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 worth $38,000 after acquiring an additional 102 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 0.1%

CINF stock traded up $0.10 during trading on Friday, reaching $156.86. The stock had a trading volume of 613,681 shares, compared to its average volume of 407,174. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $161.74. 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 company's 50 day moving average is $151.16 and its two-hundred day moving average is $146.06. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 7.67 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm posted $1.29 EPS. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company 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. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio is presently 30.18%.

Analysts Set New Price Targets

Several research firms have recently commented on CINF. Roth Capital boosted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.40.

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.