USS Investment Management Ltd Boosts Holdings in Cincinnati Financial Corporation $CINF

USS Investment Management Ltd lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 16.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,261 shares of the insurance provider’s stock after acquiring an additional 4,066 shares during the quarter. USS Investment Management Ltd’s holdings in Cincinnati Financial were worth $4,446,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new position in Cincinnati Financial in the 4th quarter worth $25,000. Motiv8 Investments LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at about $29,000. DV Equities LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at about $36,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after buying an additional 108 shares during the period. Finally, SHP Wealth Management purchased a new position in shares of Cincinnati Financial in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $192.03 on Friday. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 4.15 and a beta of 0.54. The company has a 50-day moving average price of $168.51 and a 200-day moving average price of $164.98. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $143.87 and a 12 month high of $192.09.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. Cincinnati Financial’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 8.66 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.0%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. Piper Sandler increased their target price on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. Bank of America lowered their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Roth Mkm increased their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $183.25.

About Cincinnati Financial

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.