United Services Automobile Association Invests $477,000 in Cincinnati Financial Corporation $CINF

Key Points

• United Services Automobile Association has invested approximately $477,000 in Cincinnati Financial Corporation by acquiring 3,275 shares during the first quarter.
• Cincinnati Financial reported $1.97 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.39 by 37%.
• The company declared a quarterly dividend of $0.87 per share with a yield of 2.3%, to be paid on October 15th.

United Services Automobile Association bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,275 shares of the insurance provider's stock, valued at approximately $477,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management boosted its stake in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new position in Cincinnati Financial in the first quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Cincinnati Financial in the first quarter valued at about $32,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Cincinnati Financial by 5,000.0% in the first quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $152.31 on Thursday. The firm's 50 day moving average is $150.83 and its 200 day moving average is $145.81. 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 $123.01 and a 12 month high of $161.74. The stock has a market capitalization of $23.82 billion, a P/E ratio of 13.21, a PEG ratio of 7.52 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial's payout ratio is presently 30.18%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Roth Capital boosted their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.40.

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.

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