Osmosis Investment Management UK Ltd Makes New Investment in Cincinnati Financial Corporation $CINF

Osmosis Investment Management UK Ltd purchased a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the second quarter, HoldingsChannel reports. The institutional investor purchased 6,602 shares of the insurance provider’s stock, valued at approximately $1,222,000.

Several other hedge funds also recently modified their holdings of the business. Keating Financial Advisory Services Inc. acquired a new position in Cincinnati Financial during the 2nd quarter valued at $27,000. Covestor Ltd grew its position in Cincinnati Financial by 98.8% in the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 83 shares during the last quarter. Motiv8 Investments LLC bought a new position in shares of Cincinnati Financial during the 4th quarter worth about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the first quarter valued at about $34,000. Finally, DV Equities LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $36,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 1.7%

Shares of NASDAQ CINF opened at $171.21 on Tuesday. The stock has a market cap of $26.28 billion, a PE ratio of 8.08, a PEG ratio of 3.52 and a beta of 0.54. The business has a fifty day moving average of $178.00 and a two-hundred day moving average of $168.63. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period in the previous year, the company posted $1.97 EPS. As a group, equities research analysts expect that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio is currently 17.74%.

Analyst Ratings Changes

A number of research firms recently weighed in on CINF. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a report on Wednesday, July 15th. Weiss Ratings lowered Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday. Roth Capital lifted their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $197.00 to $193.00 in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

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.