Waverly Advisors LLC Has $12.50 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

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

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after acquiring an additional 224,033 shares during the period. Geode Capital Management LLC increased its stake in Cincinnati Financial by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after acquiring an additional 185,705 shares during the period. Northern Trust Corp increased its stake in Cincinnati Financial by 10.8% during the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after acquiring an additional 162,714 shares during the period. Finally, Norges Bank bought a new position in Cincinnati Financial during the fourth quarter valued at about $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CINF shares. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm boosted their price target on 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 lowered their price target on 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Up 0.1%

CINF stock opened at $150.95 on Tuesday. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The firm has a market cap of $23.59 billion, a P/E ratio of 10.40, a P/E/G ratio of 8.30 and a beta of 0.73. The business's 50 day moving average is $140.66 and its 200-day moving average is $143.13. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share 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 analyst estimates of $2.70 billion. During the same period in the prior year, the company posted $1.72 EPS. The company's revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.31%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

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.

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