Alpha Windward LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,561 shares of the company’s stock after buying an additional 360 shares during the period. Alpha Windward LLC’s holdings in Cincinnati Financial were worth $546,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new position in shares of Cincinnati Financial during the third quarter worth $108,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Cincinnati Financial by 46.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock worth $143,000 after buying an additional 600 shares in the last quarter. First Manhattan Co. raised its position in shares of Cincinnati Financial by 124.0% in the third quarter. First Manhattan Co. now owns 2,437 shares of the company’s stock worth $183,000 after buying an additional 1,349 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in shares of Cincinnati Financial during the third quarter worth $206,000. Finally, Compagnie Lombard Odier SCmA raised its position in shares of Cincinnati Financial by 17.9% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,799 shares of the company’s stock worth $211,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.
Shares of Cincinnati Financial Co. (NASDAQ:CINF) traded down 0.58% during midday trading on Thursday, reaching $70.46. The company had a trading volume of 409,013 shares. The stock has a 50-day moving average of $72.83 and a 200 day moving average of $73.37. Cincinnati Financial Co. has a 52 week low of $63.87 and a 52 week high of $79.60. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 19.85 and a beta of 0.81.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 8th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.36 billion. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. Cincinnati Financial’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. On average, analysts anticipate that Cincinnati Financial Co. will post $3.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 20th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 2.84%. Cincinnati Financial’s payout ratio is 54.08%.
CINF has been the topic of several recent research reports. Langen Mcalenn reiterated a “neutral” rating on shares of Cincinnati Financial in a research report on Thursday, December 22nd. Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial and gave the company a “hold” rating in a research report on Wednesday, March 22nd. Janney Montgomery Scott initiated coverage on Cincinnati Financial in a research report on Thursday, December 22nd. They set a “neutral” rating on the stock. MKM Partners reiterated a “buy” rating and set a $90.00 price objective on shares of Cincinnati Financial in a research report on Friday, February 10th. Finally, Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $77.25.
About Cincinnati Financial
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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