Voya Investment Management LLC Raises Stock Holdings in Cincinnati Financial Corporation $CINF

Voya Investment Management LLC boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,087 shares of the insurance provider’s stock after purchasing an additional 768 shares during the period. Voya Investment Management LLC’s holdings in Cincinnati Financial were worth $7,399,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CINF. Bison Wealth LLC purchased a new stake in Cincinnati Financial during the fourth quarter valued at approximately $210,000. Toronto Dominion Bank raised its holdings in Cincinnati Financial by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 83,636 shares of the insurance provider’s stock worth $12,018,000 after purchasing an additional 6,218 shares during the period. Teza Capital Management LLC purchased a new position in Cincinnati Financial during the fourth quarter valued at $242,000. Tidal Investments LLC grew its holdings in Cincinnati Financial by 61.6% during the fourth quarter. Tidal Investments LLC now owns 9,405 shares of the insurance provider’s stock valued at $1,351,000 after purchasing an additional 3,586 shares during the period. Finally, Two Sigma Advisers LP increased its position in Cincinnati Financial by 29.4% in the fourth quarter. Two Sigma Advisers LP now owns 2,200 shares of the insurance provider’s stock worth $316,000 after buying an additional 500 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.8%

Shares of NASDAQ:CINF opened at $154.48 on Thursday. The company has a 50-day moving average price of $151.64 and a 200 day moving average price of $146.27. 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 Corporation has a 12 month low of $123.01 and a 12 month high of $161.74. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 7.50 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CINF. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Roth Capital increased their price target 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Cincinnati Financial 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.