QRG Capital Management Inc. Has $11.44 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

QRG Capital Management Inc. boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 174.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,443 shares of the insurance provider's stock after purchasing 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sagespring Wealth Partners LLC bought a new position in shares of Cincinnati Financial during the first quarter worth about $217,000. Opal Wealth Advisors LLC bought a new stake in shares of Cincinnati Financial in the first quarter worth $47,000. Verity & Verity LLC boosted its holdings in Cincinnati Financial by 3.4% during the first quarter. Verity & Verity LLC now owns 101,920 shares of the insurance provider's stock worth $15,056,000 after purchasing an additional 3,347 shares during the last quarter. Total Wealth Planning LLC boosted its holdings in Cincinnati Financial by 13.4% during the first quarter. Total Wealth Planning LLC now owns 1,754 shares of the insurance provider's stock worth $259,000 after purchasing an additional 207 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in Cincinnati Financial by 11.0% in the first quarter. Simon Quick Advisors LLC now owns 1,734 shares of the insurance provider's stock valued at $256,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded down $1.43 during mid-day trading on Tuesday, hitting $145.27. The stock had a trading volume of 509,284 shares, compared to its average volume of 730,093. The company's 50 day simple moving average is $143.02 and its 200 day simple moving average is $142.61. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 8.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a twelve month low of $112.78 and a twelve month high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the previous year, the company posted $1.72 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.40%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

Wall Street Analyst Weigh In

CINF has been the subject of several recent research reports. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $147.40.

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.