Cincinnati Financial Corporation $CINF Shares Purchased by Amundi

Amundi raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 113.6% in the second quarter, Holdings Channel.com reports. The fund owned 454,996 shares of the insurance provider’s stock after acquiring an additional 242,020 shares during the period. Amundi’s holdings in Cincinnati Financial were worth $66,479,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CINF. Quintet Private Bank Europe S.A. bought a new stake in shares of Cincinnati Financial in the 2nd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in Cincinnati Financial in the first quarter worth approximately $32,000. AlphaQuest LLC increased its holdings in shares of Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Carderock Capital Management Inc. acquired a new stake in shares of Cincinnati Financial during the 2nd quarter valued at $45,000. Finally, GoalVest Advisory LLC boosted its stake in shares of Cincinnati Financial by 58.9% during the 2nd quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the purchase, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

CINF stock opened at $161.30 on Tuesday. The firm has a 50 day simple moving average of $160.93 and a 200 day simple moving average of $154.16. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $169.86. The stock has a market cap of $25.17 billion, a P/E ratio of 12.00, a P/E/G ratio of 4.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. Research analysts anticipate that Cincinnati Financial Corporation will post 5.36 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, January 15th. Investors of record on Monday, December 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $171.67.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.