Czech National Bank Increases Stock Holdings in Cincinnati Financial Corporation $CINF

Czech National Bank increased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,206 shares of the insurance provider’s stock after buying an additional 2,284 shares during the period. Czech National Bank’s holdings in Cincinnati Financial were worth $5,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider’s stock valued at $2,844,419,000 after buying an additional 87,773 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock valued at $940,130,000 after buying an additional 358,018 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cincinnati Financial by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock valued at $273,062,000 after buying an additional 40,222 shares in the last quarter. GQG Partners LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter valued at approximately $270,005,000. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Cincinnati Financial by 4.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider’s stock valued at $205,061,000 after buying an additional 55,487 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $155.93 on Friday. The stock has a 50-day simple moving average of $151.80 and a 200-day simple moving average of $146.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $24.38 billion, a PE ratio of 13.52, a PEG ratio of 7.56 and a beta of 0.72. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CINF. Keefe, Bruyette & Woods lifted their target price on shares of 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 lifted their target price on shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.