Schulhoff & Co. Inc. Increases Stake in Cincinnati Financial Corp. (CINF)
Schulhoff & Co. Inc. boosted its position in Cincinnati Financial Corp. (NASDAQ:CINF) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,556 shares of the company’s stock after buying an additional 11 shares during the period. Cincinnati Financial Corp. makes up 3.1% of Schulhoff & Co. Inc.’s holdings, making the stock its 5th largest position. Schulhoff & Co. Inc.’s holdings in Cincinnati Financial Corp. were worth $5,059,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CINF. Invictus RG boosted its stake in Cincinnati Financial Corp. by 3,001.2% in the first quarter. Invictus RG now owns 2,667 shares of the company’s stock worth $174,000 after buying an additional 2,581 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Cincinnati Financial Corp. by 4.2% in the second quarter. Quadrant Capital Group LLC now owns 2,694 shares of the company’s stock worth $199,000 after buying an additional 109 shares in the last quarter. Calamos Advisors LLC bought a new stake in Cincinnati Financial Corp. during the second quarter worth approximately $200,000. Boothbay Fund Management LLC bought a new stake in Cincinnati Financial Corp. during the first quarter worth approximately $213,000. Finally, Capital One National Association bought a new stake in Cincinnati Financial Corp. during the second quarter worth approximately $231,000. Institutional investors and hedge funds own 61.36% of the company’s stock.
Cincinnati Financial Corp. (NASDAQ:CINF) traded down 0.44% during midday trading on Tuesday, hitting $75.24. The stock had a trading volume of 417,002 shares. The company’s 50 day moving average price is $75.69 and its 200-day moving average price is $72.02. The stock has a market cap of $12.38 billion, a PE ratio of 19.49 and a beta of 0.79. Cincinnati Financial Corp. has a 52-week low of $53.64 and a 52-week high of $78.09.
Cincinnati Financial Corp. (NASDAQ:CINF) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.14. Cincinnati Financial Corp. had a return on equity of 9.02% and a net margin of 12.15%. The company earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business earned $0.83 EPS. Cincinnati Financial Corp.’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Cincinnati Financial Corp. will post $3.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 21st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Monday, September 19th. Cincinnati Financial Corp.’s dividend payout ratio (DPR) is presently 49.74%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Cincinnati Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. MKM Partners increased their target price on Cincinnati Financial Corp. from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, July 15th.
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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