QRG Capital Management Inc. Boosts Position in Cincinnati Financial Corporation (NASDAQ:CINF)

QRG Capital Management Inc. lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 174.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,443 shares of the insurance provider's stock after buying an additional 49,182 shares during the period. QRG Capital Management Inc.'s holdings in Cincinnati Financial were worth $11,440,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Capital Advisors Ltd. LLC grew its holdings in Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 250 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in Cincinnati Financial by 65.4% during the 1st 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 period. Whipplewood Advisors LLC grew its position in Cincinnati Financial by 333.3% in the 1st 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. Opal Wealth Advisors LLC purchased a new stake in Cincinnati Financial in the first quarter worth $47,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CINF shares. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Down 0.2%

Shares of CINF traded down $0.26 during mid-day trading on Friday, hitting $145.44. The company's stock had a trading volume of 1,159,874 shares, compared to its average volume of 664,310. 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 company's 50-day moving average is $143.73 and its 200-day moving average is $142.57. Cincinnati Financial Corporation has a 52-week low of $113.70 and a 52-week high of $161.75. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 9.67 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates 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%. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

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.