Empirical Finance LLC Has $260,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Empirical Finance LLC boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,281 shares of the insurance provider’s stock after buying an additional 398 shares during the period. Empirical Finance LLC’s holdings in Cincinnati Financial were worth $260,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Cincinnati Financial by 50.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 187,486 shares of the insurance provider’s stock worth $16,104,000 after acquiring an additional 63,125 shares during the last quarter. Stephens Inc. AR raised its holdings in Cincinnati Financial by 4.2% in the 3rd quarter. Stephens Inc. AR now owns 11,720 shares of the insurance provider’s stock valued at $1,339,000 after buying an additional 474 shares during the last quarter. Signaturefd LLC raised its holdings in Cincinnati Financial by 56.3% in the 3rd quarter. Signaturefd LLC now owns 877 shares of the insurance provider’s stock valued at $100,000 after buying an additional 316 shares during the last quarter. M&T Bank Corp raised its holdings in Cincinnati Financial by 11.0% in the 3rd quarter. M&T Bank Corp now owns 48,757 shares of the insurance provider’s stock valued at $5,570,000 after buying an additional 4,846 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Cincinnati Financial by 20.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,986 shares of the insurance provider’s stock valued at $569,000 after buying an additional 840 shares during the last quarter. Hedge funds and other institutional investors own 65.73% of the company’s stock.

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Cincinnati Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $145.00 price objective for the company in a report on Friday, February 18th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $129.80.

Cincinnati Financial stock opened at $138.59 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a 52-week low of $105.64 and a 52-week high of $139.82. The firm has a 50 day moving average price of $129.17 and a two-hundred day moving average price of $122.01. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 7.65 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF – Get Rating) last announced its quarterly earnings data on Tuesday, February 15th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.50 by $0.47. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $1.77 billion. Cincinnati Financial had a net margin of 30.59% and a return on equity of 8.70%. The company’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. As a group, equities research analysts predict that Cincinnati Financial Co. will post 5.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, March 18th were given a dividend of $0.69 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.99%. Cincinnati Financial’s dividend payout ratio (DPR) is 15.24%.

Cincinnati Financial Profile (Get Rating)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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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