Credit Suisse AG boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,747 shares of the insurance provider’s stock after purchasing an additional 11,949 shares during the period. Credit Suisse AG owned about 0.17% of Cincinnati Financial worth $20,643,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CINF. Janney Montgomery Scott LLC grew its stake in Cincinnati Financial by 25.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,624 shares of the insurance provider’s stock worth $1,379,000 after acquiring an additional 4,129 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Cincinnati Financial in the 2nd quarter worth about $214,000. Dupont Capital Management Corp grew its stake in Cincinnati Financial by 68.3% in the 2nd quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 1,014 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Cincinnati Financial by 2.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,870 shares of the insurance provider’s stock worth $1,797,000 after acquiring an additional 708 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Cincinnati Financial by 42.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 25,750 shares of the insurance provider’s stock worth $1,722,000 after acquiring an additional 7,614 shares in the last quarter. Institutional investors own 63.18% of the company’s stock.
Shares of CINF stock opened at $81.73 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 24.77 and a beta of 0.69. Cincinnati Financial Co. has a one year low of $66.33 and a one year high of $82.14.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.09. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, equities analysts forecast that Cincinnati Financial Co. will post 3.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, December 19th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, December 18th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.59%. Cincinnati Financial’s dividend payout ratio is presently 77.37%.
A number of equities analysts have commented on CINF shares. BidaskClub upgraded shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $84.00 target price on the stock in a research note on Friday, October 12th. ValuEngine upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, Credit Suisse Group started coverage on shares of Cincinnati Financial in a research note on Tuesday, August 7th. They issued an “underperform” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $77.00.
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Cincinnati Financial Profile
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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