SG Americas Securities LLC Has $42.45 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

SG Americas Securities LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 104.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,363 shares of the insurance provider's stock after acquiring an additional 146,595 shares during the quarter. SG Americas Securities LLC owned about 0.18% of Cincinnati Financial worth $42,449,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GoalVest Advisory LLC boosted its stake in shares of 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 buying an additional 102 shares during the period. Whipplewood Advisors LLC raised its holdings in shares of Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co bought a new position in shares of Cincinnati Financial during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their target price 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 upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Down 0.0%

Shares of CINF traded down $0.06 on Wednesday, reaching $146.99. 427,193 shares of the company's stock were exchanged, compared to its average volume of 662,633. The stock has a market capitalization of $22.98 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78. The business has a 50 day moving average price of $141.50 and a two-hundred day moving average price of $143.09. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 earnings per share. Research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is 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.