Cincinnati Financial Corporation $CINF Stock Holdings Increased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Cincinnati Financial Corporation by 12.4% during the first quarter, now owning 18,027 shares worth approximately $2.66 million.
• Other institutions also increased their holdings, with Spire Wealth Management growing its stake by 77.6% in the same quarter, reflecting strong interest in Cincinnati Financial.
• Cincinnati Financial recently announced a quarterly dividend of $0.87 per share, yielding 2.3%, with the payout set for October 15th.

OMERS ADMINISTRATION Corp increased its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 12.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,027 shares of the insurance provider's stock after purchasing an additional 1,988 shares during the period. OMERS ADMINISTRATION Corp's holdings in Cincinnati Financial were worth $2,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Cincinnati Financial by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock worth $2,844,419,000 after acquiring an additional 87,773 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock worth $940,130,000 after purchasing an additional 358,018 shares during the period. Invesco Ltd. increased its stake in Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock valued at $273,062,000 after purchasing an additional 40,222 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Cincinnati Financial during the first quarter worth $270,005,000. Finally, Northern Trust Corp lifted its position in shares of Cincinnati Financial by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after buying an additional 162,714 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Price Performance

CINF stock traded up $0.31 during trading hours on Wednesday, hitting $153.26. 125,391 shares of the stock traded hands, compared to its average volume of 676,195. The stock has a 50-day simple moving average of $150.00 and a 200 day simple moving average of $145.15. The company has a market cap of $23.97 billion, a P/E ratio of 13.30, a P/E/G ratio of 7.52 and a beta of 0.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 earnings per share. Equities analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial's payout ratio is presently 30.18%.

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.