Calamos Advisors LLC bought a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,825 shares of the insurance provider’s stock, valued at approximately $586,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of Cincinnati Financial by 1.2% in the third quarter. Vanguard Group Inc now owns 17,645,128 shares of the insurance provider’s stock worth $1,355,324,000 after buying an additional 215,956 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Cincinnati Financial by 4.6% in the fourth quarter. BlackRock Inc. now owns 13,530,397 shares of the insurance provider’s stock worth $1,047,524,000 after buying an additional 598,513 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cincinnati Financial by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 3,334,300 shares of the insurance provider’s stock worth $256,108,000 after buying an additional 354,822 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cincinnati Financial by 10.3% in the fourth quarter. Geode Capital Management LLC now owns 2,228,263 shares of the insurance provider’s stock worth $172,245,000 after buying an additional 208,449 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Cincinnati Financial by 3.9% in the fourth quarter. Northern Trust Corp now owns 1,914,400 shares of the insurance provider’s stock worth $148,212,000 after buying an additional 72,304 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 351 shares of the stock in a transaction on Friday, February 15th. The shares were bought at an average price of $85.48 per share, for a total transaction of $30,003.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.16% of the company’s stock.

A number of analysts have recently commented on CINF shares. BidaskClub upgraded Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.00.

Shares of CINF stock opened at $87.13 on Tuesday. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 26.01 and a beta of 0.68. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.11. Cincinnati Financial Co. has a 12-month low of $66.33 and a 12-month high of $87.64.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 6th. The insurance provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.14. The company had revenue of $710.00 million for the quarter, compared to the consensus estimate of $1.47 billion. Cincinnati Financial had a return on equity of 6.86% and a net margin of 5.31%. Cincinnati Financial’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, research analysts predict that Cincinnati Financial Co. will post 3.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $2.24 dividend on an annualized basis and a yield of 2.57%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.53. Cincinnati Financial’s dividend payout ratio is currently 66.87%.

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Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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