Cincinnati Financial Corporation (NASDAQ:CINF) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 10.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 149,452 shares of the insurance provider’s stock after acquiring an additional 14,440 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Cincinnati Financial worth $22,077,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park National Corp OH grew its stake in shares of Cincinnati Financial by 0.6% during the first quarter. Park National Corp OH now owns 12,686 shares of the insurance provider’s stock worth $1,874,000 after purchasing an additional 72 shares during the period. Spire Wealth Management lifted its holdings in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Cincinnati Financial by 0.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider’s stock valued at $2,871,000 after purchasing an additional 91 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock valued at $352,000 after purchasing an additional 94 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its holdings in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $145.80 on Wednesday. The firm has a market capitalization of $22.79 billion, a PE ratio of 15.90, a PEG ratio of 9.91 and a beta of 0.76. Cincinnati Financial Corporation has a twelve month low of $115.43 and a twelve month high of $161.75. The firm’s 50-day moving average price is $147.75 and its 200 day moving average price is $142.22. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 EPS. As a group, sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 23rd were issued a $0.87 dividend. The ex-dividend date was Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio is presently 37.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CINF shares. Wall Street Zen raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $150.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average price target of $155.25.

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.