Verity & Verity LLC Has $15.06 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Verity & Verity LLC raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,920 shares of the insurance provider's stock after acquiring an additional 3,347 shares during the period. Verity & Verity LLC owned about 0.07% of Cincinnati Financial worth $15,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park National Corp OH increased its position in Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider's stock worth $1,874,000 after buying an additional 72 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Cincinnati Financial by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock worth $2,871,000 after buying an additional 91 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its position in Cincinnati Financial by 0.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after buying an additional 94 shares during the last quarter. GoalVest Advisory LLC increased its position in Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in Cincinnati Financial by 18.3% during the fourth quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider's stock worth $96,000 after buying an additional 103 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CINF shares. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded down $1.89 on Friday, hitting $146.36. The stock had a trading volume of 440,848 shares, compared to its average volume of 661,942. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The business's 50 day moving average is $142.24 and its two-hundred day moving average is $143.04. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78.

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

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is currently 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.