Osaic Holdings Inc. Has $9.86 Million Holdings in Cincinnati Financial Corporation $CINF

Osaic Holdings Inc. lifted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 120.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,425 shares of the insurance provider’s stock after buying an additional 36,250 shares during the quarter. Osaic Holdings Inc.’s holdings in Cincinnati Financial were worth $9,857,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Cincinnati Financial by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,572,511 shares of the insurance provider’s stock worth $2,914,738,000 after acquiring an additional 317,033 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Cincinnati Financial by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,470,538 shares of the insurance provider’s stock worth $963,594,000 after purchasing an additional 106,266 shares during the period. Bank of America Corp DE grew its stake in shares of Cincinnati Financial by 4.2% during the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock worth $299,553,000 after purchasing an additional 80,487 shares during the period. Norges Bank acquired a new position in Cincinnati Financial in the second quarter valued at about $235,714,000. Finally, Bahl & Gaynor Inc. lifted its stake in Cincinnati Financial by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,169,676 shares of the insurance provider’s stock valued at $172,785,000 after buying an additional 49,593 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of CINF opened at $167.29 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $26.10 billion, a PE ratio of 12.45, a P/E/G ratio of 4.38 and a beta of 0.69. The stock has a 50 day simple moving average of $161.55 and a 200 day simple moving average of $155.17. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $169.86.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Cincinnati Financial’s dividend payout ratio is presently 25.89%.

Analyst Ratings Changes

A number of brokerages have recently commented on CINF. Roth Capital reaffirmed a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $171.67.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, with a total value of $153,980.00. Following the purchase, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.