MQS Management LLC Grows Position in Cincinnati Financial Corporation $CINF

MQS Management LLC grew its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 187.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,001 shares of the insurance provider’s stock after purchasing an additional 3,914 shares during the quarter. Cincinnati Financial makes up approximately 0.6% of MQS Management LLC’s portfolio, making the stock its 16th biggest position. MQS Management LLC’s holdings in Cincinnati Financial were worth $980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CINF. Raymond James Financial Inc. boosted its stake in shares of Cincinnati Financial by 48.6% during the second quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock valued at $119,682,000 after purchasing an additional 262,715 shares during the period. Korea Investment CORP boosted its stake in shares of Cincinnati Financial by 210.0% during the third quarter. Korea Investment CORP now owns 294,423 shares of the insurance provider’s stock valued at $46,548,000 after purchasing an additional 199,437 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $32,692,000. Goldman Sachs Group Inc. boosted its stake in shares of Cincinnati Financial by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after purchasing an additional 173,343 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Cincinnati Financial by 3,892.6% during the third quarter. Qube Research & Technologies Ltd now owns 145,890 shares of the insurance provider’s stock valued at $23,065,000 after purchasing an additional 142,236 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $168.10 on Friday. The stock has a fifty day moving average of $162.67 and a 200 day moving average of $163.49. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 3.66 and a beta of 0.59. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. As a group, research analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Roth Mkm raised their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings lowered Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 12th. Bank of America dropped their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.75.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.