Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Increased by Salvus Wealth Management LLC

Salvus Wealth Management LLC boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,367 shares of the insurance provider’s stock after buying an additional 284 shares during the quarter. Salvus Wealth Management LLC’s holdings in Cincinnati Financial were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd boosted its holdings in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares in the last quarter. GoalVest Advisory LLC grew its position in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider’s stock worth $38,000 after buying an additional 102 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Cincinnati Financial by 333.3% in the first quarter. Whipplewood Advisors LLC now owns 260 shares of the insurance provider’s stock valued at $38,000 after buying an additional 200 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CINF. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Price Performance

CINF opened at $149.76 on Thursday. The firm has a market capitalization of $23.41 billion, a P/E ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.73. The stock has a fifty day moving average of $141.31 and a 200-day moving average of $143.27. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12-month low of $111.92 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. Cincinnati Financial’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts forecast that Cincinnati Financial Co. 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 Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

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.