Strs Ohio Makes New $2.37 Million Investment in Cincinnati Financial Corporation $CINF

Strs Ohio acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 16,068 shares of the insurance provider’s stock, valued at approximately $2,374,000.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new position in shares of Cincinnati Financial during the 1st quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter worth approximately $32,000. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Cincinnati Financial by 5,000.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 255 shares of the insurance provider’s stock worth $38,000 after buying an additional 250 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $155.13 on Tuesday. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a market capitalization of $24.26 billion, a P/E ratio of 13.45, a PEG ratio of 7.68 and a beta of 0.72. The business has a 50 day moving average price of $151.34 and a 200 day moving average price of $146.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the business posted $1.29 EPS. Cincinnati Financial’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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 dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CINF. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Roth Capital increased their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Cincinnati Financial Company Profile

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.