United Advisor Group LLC Raises Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

United Advisor Group LLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 47.9% during the first quarter, HoldingsChannel reports. The firm owned 6,900 shares of the insurance provider’s stock after purchasing an additional 2,234 shares during the quarter. United Advisor Group LLC’s holdings in Cincinnati Financial were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. raised its stake in Cincinnati Financial by 57.6% in the 4th quarter. Principal Securities Inc. now owns 1,149 shares of the insurance provider’s stock worth $165,000 after acquiring an additional 420 shares during the last quarter. Allworth Financial LP raised its stake in shares of Cincinnati Financial by 16.7% in the fourth quarter. Allworth Financial LP now owns 1,821 shares of the insurance provider’s stock worth $251,000 after purchasing an additional 261 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth about $215,000. CIBC Asset Management Inc boosted its position in Cincinnati Financial by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 23,778 shares of the insurance provider’s stock valued at $3,417,000 after buying an additional 1,034 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in Cincinnati Financial by 3.2% in the 4th quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider’s stock worth $1,582,000 after buying an additional 341 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.3%

CINF stock opened at $145.70 on Thursday. Cincinnati Financial Corporation has a 52-week low of $113.70 and a 52-week high of $161.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $22.77 billion, a P/E ratio of 15.89, a PEG ratio of 9.65 and a beta of 0.78. The company’s 50-day simple moving average is $143.45 and its 200-day simple moving average is $142.65.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm posted $1.72 EPS. Cincinnati Financial’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

Analyst Upgrades and Downgrades

CINF has been the topic of several recent research reports. Wall Street Zen raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Company Profile

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