Wealth Enhancement Advisory Services LLC acquired a new position in shares of Cincinnati Financial Corp. (NASDAQ:CINF) during the second quarter, Holdings Channel reports. The firm acquired 21,033 shares of the company’s stock, valued at approximately $1,575,000.
Several other large investors also recently made changes to their positions in CINF. Invictus RG raised its stake in Cincinnati Financial Corp. by 3,001.2% in the first quarter. Invictus RG now owns 2,667 shares of the company’s stock valued at $174,000 after buying an additional 2,581 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Cincinnati Financial Corp. by 4.2% in the second quarter. Quadrant Capital Group LLC now owns 2,694 shares of the company’s stock valued at $199,000 after buying an additional 109 shares during the last quarter. Calamos Advisors LLC acquired a new stake in Cincinnati Financial Corp. during the second quarter valued at approximately $200,000. Boothbay Fund Management LLC acquired a new stake in Cincinnati Financial Corp. during the first quarter valued at approximately $213,000. Finally, Capital One National Association acquired a new stake in Cincinnati Financial Corp. during the second quarter valued at approximately $231,000. 61.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded down 0.71% on Monday, hitting $75.41. 105,300 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $75.70 and its 200 day moving average price is $71.86. Cincinnati Financial Corp. has a 12-month low of $53.64 and a 12-month high of $78.09. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 19.54 and a beta of 0.79.
Cincinnati Financial Corp. (NASDAQ:CINF) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.14. Cincinnati Financial Corp. had a net margin of 12.15% and a return on equity of 9.02%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.83 EPS. Cincinnati Financial Corp.’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Corp. will post $3.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Wednesday, September 21st were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $1.92 annualized dividend and a yield of 2.54%. Cincinnati Financial Corp.’s dividend payout ratio is currently 49.74%.
Several equities research analysts have commented on CINF shares. MKM Partners upped their price target on shares of Cincinnati Financial Corp. from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, July 15th. Zacks Investment Research downgraded shares of Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th.
Cincinnati Financial Corp. Company Profile
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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