Welch Group LLC Has $59.64 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Welch Group LLC increased its holdings in Cincinnati Financial Corporation by 0.5%, now owning approximately $59.64 million worth of stock, making it the 17th largest holding in their portfolio.
• The company recently announced a quarterly dividend of $0.87, which will be paid on October 15th, resulting in an annualized dividend yield of 2.2%.
• Cincinnati Financial has received four Buy ratings and one Hold rating from analysts, with an average price target of $157.25.

Welch Group LLC raised its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,492 shares of the insurance provider's stock after acquiring an additional 1,813 shares during the period. Cincinnati Financial makes up about 2.5% of Welch Group LLC's portfolio, making the stock its 17th biggest holding. Welch Group LLC owned approximately 0.26% of Cincinnati Financial worth $59,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Cincinnati Financial during the 1st quarter worth $337,000. FJ Capital Management LLC raised its holdings in shares of Cincinnati Financial by 97.5% during the 1st quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider's stock worth $4,327,000 after buying an additional 14,464 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Cincinnati Financial by 12.7% during the 1st quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock worth $1,161,000 after buying an additional 887 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock worth $352,000 after buying an additional 94 shares in the last quarter. Finally, OLD Republic International Corp raised its holdings in shares of Cincinnati Financial by 1.0% during the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock worth $58,955,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $167.00 to $168.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, Roth Capital upped their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.25.

Cincinnati Financial Price Performance

Shares of CINF opened at $158.97 on Monday. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The business has a 50-day simple moving average of $155.11 and a two-hundred day simple moving average of $148.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $24.86 billion, a PE ratio of 13.79, a PEG ratio of 7.77 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business's revenue was up 15.5% on a year-over-year basis. Analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial's payout ratio is 30.18%.

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.

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