Revisor Wealth Management LLC Raises Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Revisor Wealth Management LLC raised its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 120.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 27,606 shares of the insurance provider's stock after acquiring an additional 15,056 shares during the period. Cincinnati Financial comprises 1.8% of Revisor Wealth Management LLC's portfolio, making the stock its 11th biggest position. Revisor Wealth Management LLC's holdings in Cincinnati Financial were worth $4,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CINF. Private Trust Co. NA grew its holdings in shares of Cincinnati Financial by 1.2% during the 1st quarter. Private Trust Co. NA now owns 8,460 shares of the insurance provider's stock worth $1,250,000 after purchasing an additional 103 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Cincinnati Financial by 2.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,178 shares of the insurance provider's stock worth $2,538,000 after acquiring an additional 440 shares during the last quarter. Mather Group LLC. increased its holdings in Cincinnati Financial by 1,103.7% in the first quarter. Mather Group LLC. now owns 108,879 shares of the insurance provider's stock worth $16,084,000 after purchasing an additional 99,834 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Cincinnati Financial by 4.3% in the first quarter. New York State Teachers Retirement System now owns 144,273 shares of the insurance provider's stock worth $21,312,000 after purchasing an additional 5,948 shares in the last quarter. Finally, Amalgamated Bank grew its stake in Cincinnati Financial by 0.4% in the first quarter. Amalgamated Bank now owns 32,163 shares of the insurance provider's stock valued at $4,751,000 after acquiring an additional 135 shares during the period. Institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on 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 Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average target price of $150.50.

Cincinnati Financial Stock Performance

Shares of CINF stock traded up $2.43 on Thursday, reaching $148.54. The stock had a trading volume of 472,524 shares, compared to its average volume of 654,660. The stock has a market cap of $23.22 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 9.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day simple moving average of $146.34 and a 200 day simple moving average of $142.11. Cincinnati Financial Corporation has a 1 year low of $114.75 and a 1 year high of $161.75.

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, beating the consensus estimate of ($0.61) by $0.37. The business 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%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. Equities research analysts expect 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 given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 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.