Independent Advisor Alliance boosted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 7.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,445 shares of the insurance provider’s stock after purchasing an additional 1,712 shares during the period. Independent Advisor Alliance’s holdings in Cincinnati Financial were worth $2,100,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CINF. Private Trust Co. NA increased its position in Cincinnati Financial by 1.2% during the first quarter. Private Trust Co. NA now owns 10,421 shares of the insurance provider’s stock worth $895,000 after buying an additional 122 shares in the last quarter. CWM LLC grew its position in shares of Cincinnati Financial by 10.4% in the first quarter. CWM LLC now owns 1,317 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 124 shares during the period. Pennsylvania Trust Co grew its position in shares of Cincinnati Financial by 1.3% in the fourth quarter. Pennsylvania Trust Co now owns 10,031 shares of the insurance provider’s stock valued at $777,000 after purchasing an additional 130 shares during the period. Quadrant Capital Group LLC grew its position in shares of Cincinnati Financial by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 2,460 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 149 shares during the period. Finally, NEXT Financial Group Inc grew its position in shares of Cincinnati Financial by 7.7% in the fourth quarter. NEXT Financial Group Inc now owns 2,153 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 153 shares during the period. 65.12% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Dirk J. Debbink bought 351 shares of Cincinnati Financial stock in a transaction that occurred on Friday, February 15th. The shares were purchased at an average price of $85.48 per share, for a total transaction of $30,003.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.16% of the stock is currently owned by company insiders.

CINF has been the subject of a number of recent analyst reports. BidaskClub downgraded Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, January 16th. Finally, Credit Suisse Group raised Cincinnati Financial from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $90.00 in a research report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.00.

Cincinnati Financial stock traded up $0.92 during midday trading on Thursday, reaching $97.34. The stock had a trading volume of 16,271 shares, compared to its average volume of 664,271. Cincinnati Financial Co. has a twelve month low of $66.33 and a twelve month high of $96.77. The stock has a market capitalization of $15.74 billion, a P/E ratio of 29.08 and a beta of 0.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 76.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 3.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Wednesday, June 19th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, June 18th. Cincinnati Financial’s 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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