Cambridge Investment Research Advisors Inc. Boosts Stock Position in Cincinnati Financial Corporation (NASDAQ:CINF)

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,204 shares of the insurance provider’s stock after acquiring an additional 18,761 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Cincinnati Financial were worth $15,098,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CINF. Principal Securities Inc. boosted its holdings in Cincinnati Financial by 57.6% during the 4th quarter. Principal Securities Inc. now owns 1,149 shares of the insurance provider’s stock valued at $165,000 after acquiring an additional 420 shares during the period. Truist Financial Corp boosted its holdings in Cincinnati Financial by 3.2% during the 4th quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider’s stock valued at $1,582,000 after acquiring an additional 341 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Cincinnati Financial during the 4th quarter valued at $219,000. Global Retirement Partners LLC boosted its holdings in Cincinnati Financial by 18.3% during the 4th quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider’s stock valued at $96,000 after acquiring an additional 103 shares during the period. Finally, Sigma Planning Corp boosted its holdings in Cincinnati Financial by 13.1% during the 4th quarter. Sigma Planning Corp now owns 2,937 shares of the insurance provider’s stock valued at $422,000 after acquiring an additional 341 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

CINF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Trading Down 0.4%

Shares of NASDAQ CINF opened at $146.69 on Wednesday. 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 business has a fifty day simple moving average of $144.57 and a two-hundred day simple moving average of $142.26. The firm has a market cap of $22.93 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 9.78 and a beta of 0.78. Cincinnati Financial Corporation has a twelve month low of $113.70 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. Cincinnati Financial’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS. Analysts expect that Cincinnati Financial Corporation 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. Stockholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s payout ratio is 37.95%.

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.