North Dakota State Investment Board Takes $862,000 Position in Cincinnati Financial Corporation $CINF

North Dakota State Investment Board purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,280 shares of the insurance provider’s stock, valued at approximately $862,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in shares of Cincinnati Financial by 0.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after purchasing an additional 64 shares during the last quarter. Legacy Financial Strategies LLC increased its stake in shares of Cincinnati Financial by 0.3% in the 3rd quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after purchasing an additional 65 shares during the last quarter. State of Wyoming increased its stake in shares of Cincinnati Financial by 5.4% in the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 67 shares during the last quarter. Triton Financial Group Inc increased its stake in shares of Cincinnati Financial by 0.7% in the 4th quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after purchasing an additional 73 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in shares of Cincinnati Financial by 0.5% in the 3rd quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America decreased their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 12th. Finally, Roth Mkm raised their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.75.

Cincinnati Financial Trading Up 0.4%

NASDAQ CINF opened at $168.53 on Thursday. 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 Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The business’s fifty day moving average is $162.52 and its 200 day moving average is $163.36. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 3.64 and a beta of 0.59.

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

Cincinnati Financial Announces Dividend

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

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.