United Advisor Group LLC grew its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 47.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,900 shares of the insurance provider's stock after purchasing an additional 2,234 shares during the period. United Advisor Group LLC's holdings in Cincinnati Financial were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Merit Financial Group LLC boosted 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 worth $1,189,000 after buying an additional 3,776 shares during the period. Captrust Financial Advisors boosted 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 worth $2,541,000 after buying an additional 2,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its position in Cincinnati Financial by 7.4% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock worth $55,802,000 after buying an additional 25,926 shares during the period. New York Life Investment Management LLC raised its holdings in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Cincinnati Financial during the 4th quarter worth approximately $4,935,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Trading Down 0.2%
Shares of NASDAQ:CINF traded down $0.26 during mid-day trading on Friday, hitting $145.44. The company had a trading volume of 1,159,974 shares, compared to its average volume of 660,557. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a one year low of $113.70 and a one year high of $161.75. The firm has a fifty day moving average price of $144.02 and a 200 day moving average price of $142.40. The company has a market capitalization of $22.73 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 9.66 and a beta of 0.78.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. Cincinnati Financial's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.72 EPS. As a group, research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.
Cincinnati Financial Dividend Announcement
The company 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 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.
Wall Street Analyst Weigh In
CINF has been the subject of several analyst reports. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $147.40.
Read Our Latest Stock Analysis on CINF
About Cincinnati Financial
(
Free Report)
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.
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