Cincinnati Financial Corporation (NASDAQ:CINF) Stake Raised by OLD Republic International Corp

OLD Republic International Corp increased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 399,100 shares of the insurance provider's stock after purchasing an additional 4,000 shares during the period. Cincinnati Financial accounts for about 2.3% of OLD Republic International Corp's holdings, making the stock its 15th biggest holding. OLD Republic International Corp owned approximately 0.25% of Cincinnati Financial worth $58,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CINF. Vanguard Group Inc. boosted its holdings in Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after acquiring an additional 173,417 shares during the period. Geode Capital Management LLC increased its stake in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after buying an additional 185,705 shares during the period. Northern Trust Corp boosted its position in Cincinnati Financial by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after buying an additional 162,714 shares during the last quarter. Norges Bank purchased a new position in Cincinnati Financial in the 4th quarter valued at about $223,959,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Cincinnati Financial by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock worth $203,438,000 after acquiring an additional 34,810 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CINF. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $150.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday. Wall Street Zen raised 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 given a buy rating to the company's stock. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $1.14 during trading on Thursday, reaching $147.85. 456,473 shares of the company's stock traded hands, compared to its average volume of 652,686. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12 month low of $115.43 and a 12 month high of $161.75. The company has a 50 day moving average of $147.39 and a 200-day moving average of $142.16. The stock has a market capitalization of $23.11 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 9.70 and a beta of 0.76.

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

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

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.