United Services Automobile Association Makes New $477,000 Investment 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 purchased 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 (SEC). The institutional investor purchased 3,275 shares of the insurance provider's stock, valued at approximately $477,000.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management boosted its position in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Cincinnati Financial in the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of Cincinnati Financial in the 1st quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Cincinnati Financial in the 1st quarter worth about $32,000. Finally, GoalVest Advisory LLC lifted its holdings in 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 in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded down $1.94 during trading hours on Tuesday, reaching $153.19. 70,203 shares of the company's stock were exchanged, compared to its average volume of 661,542. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The company has a market capitalization of $23.96 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 7.68 and a beta of 0.72. The business has a fifty day moving average of $151.34 and a two-hundred day moving average of $146.16. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Cincinnati Financial's quarterly revenue was up 15.5% on a year-over-year basis. As a group, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio is currently 30.18%.

Analyst Upgrades and Downgrades

CINF has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital lifted their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $159.40.

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.