New York State Teachers Retirement System Acquires 5,948 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

New York State Teachers Retirement System raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,273 shares of the insurance provider's stock after acquiring an additional 5,948 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Cincinnati Financial worth $21,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CINF. Spire Wealth Management increased its position in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 76 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Cincinnati Financial during the first quarter valued at $30,000. GoalVest Advisory LLC increased its position in 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 acquiring an additional 102 shares during the last quarter. Whipplewood Advisors LLC increased its position in 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 acquiring an additional 200 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in 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 acquiring an additional 250 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Up 1.7%

Shares of NASDAQ CINF traded up $2.43 during mid-day trading on Friday, reaching $148.54. The company had a trading volume of 472,524 shares, compared to its average volume of 653,133. The business's 50-day moving average is $146.90 and its 200-day moving average is $142.09. 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 market cap of $23.22 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 9.87 and a beta of 0.76. Cincinnati Financial Corporation has a 52 week low of $115.43 and a 52 week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. Equities analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is presently 37.95%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CINF. Keefe, Bruyette & Woods cut their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $150.50.

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.