Cwm LLC Acquires 3,076 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Cwm LLC grew its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 19.3% in the 1st quarter, HoldingsChannel reports. The fund owned 18,996 shares of the insurance provider’s stock after buying an additional 3,076 shares during the period. Cwm LLC’s holdings in Cincinnati Financial were worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Cincinnati Financial in the fourth quarter worth $11,799,000. EverSource Wealth Advisors LLC increased its stake in Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Cincinnati Financial by 11.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 72,091 shares of the insurance provider’s stock worth $10,359,000 after acquiring an additional 7,351 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Cincinnati Financial by 7.9% during the 4th quarter. Natixis Advisors LLC now owns 104,062 shares of the insurance provider’s stock valued at $14,954,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Cincinnati Financial by 9.6% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the insurance provider’s stock valued at $181,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $149.03 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $23.29 billion, a P/E ratio of 16.25, a P/E/G ratio of 9.81 and a beta of 0.76. Cincinnati Financial Corporation has a 12 month low of $115.43 and a 12 month high of $161.75. The business’s 50-day moving average is $147.84 and its 200 day moving average is $142.30.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 23rd were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.34%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 37.95%.

Analyst Upgrades and Downgrades

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

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.