Donoghue Forlines LLC Takes Position in Cincinnati Financial Corporation $CINF

Donoghue Forlines LLC purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) in the fourth quarter, Holdings Channel reports. The firm purchased 14,092 shares of the insurance provider’s stock, valued at approximately $2,302,000.

A number of other large investors have also made changes to their positions in the stock. New York Life Investment Management LLC grew its position in shares of Cincinnati Financial by 6.6% in the fourth quarter. New York Life Investment Management LLC now owns 22,592 shares of the insurance provider’s stock valued at $3,690,000 after purchasing an additional 1,405 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Cincinnati Financial by 6,652.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,588 shares of the insurance provider’s stock valued at $1,566,000 after purchasing an additional 9,446 shares in the last quarter. NewEdge Wealth LLC grew its position in shares of Cincinnati Financial by 4.0% in the fourth quarter. NewEdge Wealth LLC now owns 15,953 shares of the insurance provider’s stock valued at $2,606,000 after purchasing an additional 614 shares in the last quarter. Triton Financial Group Inc grew its position in shares of Cincinnati Financial by 0.7% in the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after purchasing an additional 73 shares in the last quarter. Finally, Denali Advisors LLC grew its position in shares of Cincinnati Financial by 61.0% in the fourth quarter. Denali Advisors LLC now owns 7,924 shares of the insurance provider’s stock valued at $1,294,000 after purchasing an additional 3,003 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 1.3%

Shares of Cincinnati Financial stock opened at $165.31 on Friday. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.54 and a beta of 0.59. Cincinnati Financial Corporation has a fifty-two week low of $143.37 and a fifty-two week high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50 day moving average of $162.37 and a 200 day moving average of $162.97.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) earnings per share. As a group, research analysts predict that Cincinnati Financial Corporation will post 8.61 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, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio is 21.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Roth Mkm upped their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings lowered Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Bank of America lowered their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $178.75.

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.