OLD Republic International Corp Raises Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

OLD Republic International Corp grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 399,100 shares of the insurance provider's stock after purchasing an additional 4,000 shares during the quarter. 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 about 0.25% of Cincinnati Financial worth $58,955,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CINF. Envestnet Asset Management Inc. grew its stake in shares of Cincinnati Financial by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 149,452 shares of the insurance provider's stock worth $22,077,000 after acquiring an additional 14,440 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Cincinnati Financial by 35.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,277 shares of the insurance provider's stock worth $336,000 after purchasing an additional 597 shares during the period. World Investment Advisors raised its position in Cincinnati Financial by 2.5% in the 1st quarter. World Investment Advisors now owns 31,470 shares of the insurance provider's stock valued at $4,649,000 after purchasing an additional 768 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 1st quarter valued at about $78,000. Finally, IFM Investors Pty Ltd grew its position in shares of Cincinnati Financial by 6.7% during the first quarter. IFM Investors Pty Ltd now owns 31,832 shares of the insurance provider's stock worth $4,333,000 after buying an additional 1,988 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CINF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a 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 currently has an average rating of "Moderate Buy" and a consensus price target of $150.50.

Cincinnati Financial Stock Down 1.6%

Shares of NASDAQ CINF traded down $2.36 during mid-day trading on Monday, reaching $146.23. The company had a trading volume of 442,797 shares, compared to its average volume of 652,292. The firm has a 50 day simple moving average of $146.90 and a two-hundred day simple moving average of $142.09. Cincinnati Financial Corporation has a 52-week low of $115.43 and a 52-week high of $161.75. 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 $22.86 billion, a P/E ratio of 15.95, a PEG ratio of 9.87 and a beta of 0.76.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $1.72 earnings per share. Sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share 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 of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.

About Cincinnati Financial

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.