Cincinnati Financial Corporation (NASDAQ:CINF) Shares Acquired by OLD Republic International Corp

OLD Republic International Corp boosted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 399,100 shares of the insurance provider's stock after buying an additional 4,000 shares during the quarter. Cincinnati Financial makes up about 2.3% of OLD Republic International Corp's holdings, making the stock its 15th largest position. OLD Republic International Corp owned 0.25% of Cincinnati Financial worth $58,955,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CINF. Spire Wealth Management increased its holdings 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 buying an additional 76 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial in the first quarter valued at $30,000. GoalVest Advisory LLC increased its holdings in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CINF. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $150.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Cincinnati Financial Stock Performance

Shares of CINF stock traded up $0.62 during mid-day trading on Wednesday, hitting $146.71. 670,980 shares of the stock were exchanged, compared to its average volume of 653,471. The stock's fifty day simple moving average is $147.39 and its two-hundred day simple moving average is $142.16. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 9.70 and a beta of 0.76. Cincinnati Financial Corporation has a 12-month low of $115.43 and a 12-month high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.37%. Cincinnati Financial's dividend payout ratio (DPR) 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.