Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3,007.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,980 shares of the insurance provider's stock after purchasing an additional 84,181 shares during the quarter. Waverly Advisors LLC owned about 0.06% of Cincinnati Financial worth $12,499,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Simon Quick Advisors LLC raised its holdings in Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $224,000 after acquiring an additional 74 shares in the last quarter. Weaver Capital Management LLC raised its holdings in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock valued at $599,000 after acquiring an additional 81 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after acquiring an additional 91 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock valued at $2,147,000 after acquiring an additional 94 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in Cincinnati Financial by 0.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider's stock valued at $2,814,000 after purchasing an additional 98 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of CINF traded up $0.53 during mid-day trading on Friday, reaching $145.83. 329,731 shares of the company's stock were exchanged, compared to its average volume of 665,835. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock has a market capitalization of $22.79 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The business's fifty day simple moving average is $140.80 and its 200-day simple moving average is $143.25. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share 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 issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Wall Street Analyst Weigh In

CINF has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm increased their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $147.40.

About Cincinnati Financial

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.