Schear Investment Advisers LLC Buys New Shares in Cincinnati Financial Corporation (NASDAQ:CINF)

Schear Investment Advisers LLC acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,471 shares of the insurance provider's stock, valued at approximately $365,000.

Other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC raised its position in Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after purchasing an additional 94 shares during the last quarter. Merit Financial Group LLC raised its position in Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after purchasing an additional 3,776 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Cincinnati Financial by 8.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider's stock valued at $9,654,000 after purchasing an additional 5,159 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Cincinnati Financial by 14.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,391 shares of the insurance provider's stock valued at $501,000 after purchasing an additional 434 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in Cincinnati Financial by 13.6% during the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after purchasing an additional 2,122 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of recent analyst 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 increased their target price on Cincinnati Financial from $150.00 to $167.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $155.25.

Cincinnati Financial Stock Down 0.3%

CINF traded down $0.44 during trading on Friday, hitting $147.41. 448,866 shares of the company's stock traded hands, compared to its average volume of 649,513. The company's 50 day simple moving average is $147.62 and its two-hundred day simple moving average is $142.19. 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 12-month low of $115.43 and a 12-month high of $161.75. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 9.79 and a beta of 0.76.

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, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business posted $1.72 EPS. The company's revenue was up 13.2% compared to the same quarter last year. Analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

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.