Verity & Verity LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 SEC.
Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC boosted its holdings 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 purchasing an additional 102 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Cincinnati Financial by 333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider's stock worth $38,000 after buying an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Cincinnati Financial by 5,000.0% in the 1st 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 65.24% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods decreased 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 upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial currently has an average rating of "Moderate Buy" and a consensus price target of $147.40.
Get Our Latest Research Report on CINF
Cincinnati Financial Stock Performance
Shares of NASDAQ CINF traded up $0.34 during midday trading on Monday, hitting $146.70. 706,817 shares of the company's stock were exchanged, compared to its average volume of 662,175. 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 firm has a market capitalization of $22.93 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78. Cincinnati Financial Co. has a 12 month low of $112.27 and a 12 month high of $161.75. The company's 50 day moving average price is $142.63 and its 200 day moving average price is $142.70.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 earnings per share. As a group, analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.37%. Cincinnati Financial's dividend payout ratio is currently 37.95%.
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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