United Advisor Group LLC Buys 2,234 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

United Advisor Group LLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 47.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm 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 SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Securities Inc. lifted its stake in shares of Cincinnati Financial by 57.6% during the 4th quarter. Principal Securities Inc. now owns 1,149 shares of the insurance provider's stock valued at $165,000 after buying an additional 420 shares in the last quarter. Allworth Financial LP raised its holdings in Cincinnati Financial by 16.7% during the fourth quarter. Allworth Financial LP now owns 1,821 shares of the insurance provider's stock valued at $251,000 after acquiring an additional 261 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $215,000. CIBC Asset Management Inc grew its position in shares of Cincinnati Financial by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 23,778 shares of the insurance provider's stock worth $3,417,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Truist Financial Corp raised its stake in Cincinnati Financial by 3.2% during the 4th quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider's stock valued at $1,582,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.3%

Shares of NASDAQ CINF opened at $145.70 on Thursday. Cincinnati Financial Corporation has a 52-week low of $113.70 and a 52-week high of $161.75. The firm has a market capitalization of $22.77 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 9.65 and a beta of 0.78. The stock has a 50 day moving average price of $143.45 and a 200 day moving average price of $142.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the company posted $1.72 EPS. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CINF. Keefe, Bruyette & Woods dropped their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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