Quadrant Capital Group LLC Raises Stake in Cincinnati Financial Corp. (CINF)
Quadrant Capital Group LLC raised its position in shares of Cincinnati Financial Corp. (NASDAQ:CINF) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,694 shares of the company’s stock after buying an additional 109 shares during the period. Quadrant Capital Group LLC’s holdings in Cincinnati Financial Corp. were worth $199,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cleararc Capital Inc. increased its position in shares of Cincinnati Financial Corp. by 0.3% in the first quarter. Cleararc Capital Inc. now owns 3,599 shares of the company’s stock worth $235,000 after buying an additional 10 shares during the period. Sigma Planning Corp increased its position in shares of Cincinnati Financial Corp. by 0.6% in the second quarter. Sigma Planning Corp now owns 4,422 shares of the company’s stock worth $331,000 after buying an additional 25 shares during the period. Moon Capital Management LLC increased its position in shares of Cincinnati Financial Corp. by 0.7% in the second quarter. Moon Capital Management LLC now owns 6,036 shares of the company’s stock worth $452,000 after buying an additional 44 shares during the period. FirstMerit Bank N A Trustee increased its position in shares of Cincinnati Financial Corp. by 1.7% in the second quarter. FirstMerit Bank N A Trustee now owns 4,985 shares of the company’s stock worth $373,000 after buying an additional 85 shares during the period. Finally, Trust Co. of Toledo NA OH increased its position in shares of Cincinnati Financial Corp. by 1.7% in the second quarter. Trust Co. of Toledo NA OH now owns 8,734 shares of the company’s stock worth $654,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 61.38% of the company’s stock.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded up 0.19% during mid-day trading on Thursday, hitting $74.19. The company’s stock had a trading volume of 493,390 shares. Cincinnati Financial Corp. has a 1-year low of $53.64 and a 1-year high of $78.09. The company has a 50-day moving average price of $75.88 and a 200-day moving average price of $71.45. The stock has a market cap of $12.21 billion, a PE ratio of 19.22 and a beta of 0.79.
Cincinnati Financial Corp. (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.14. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. Cincinnati Financial Corp. had a return on equity of 9.02% and a net margin of 12.15%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Analysts predict that Cincinnati Financial Corp. will post $3.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 21st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.59%. The ex-dividend date is Monday, September 19th. Cincinnati Financial Corp.’s payout ratio is presently 49.74%.
A number of analysts have weighed in on the company. MKM Partners boosted their price target on Cincinnati Financial Corp. from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 15th. Zacks Investment Research raised Cincinnati Financial Corp. from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Wednesday, July 20th.
About Cincinnati Financial Corp.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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