Cincinnati Financial Corporation $CINF Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 48.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,339 shares of the insurance provider’s stock after buying an additional 64,988 shares during the period. SG Americas Securities LLC owned approximately 0.13% of Cincinnati Financial worth $31,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Cincinnati Financial during the 4th quarter worth approximately $270,892,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cincinnati Financial by 193.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 601,033 shares of the insurance provider’s stock valued at $98,161,000 after acquiring an additional 396,086 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Cincinnati Financial by 38.5% in the 4th quarter. First Trust Advisors LP now owns 1,319,873 shares of the insurance provider’s stock valued at $215,562,000 after acquiring an additional 367,224 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Cincinnati Financial by 48.6% in the second quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock worth $119,682,000 after acquiring an additional 262,715 shares during the period. Finally, Korea Investment CORP increased its stake in shares of Cincinnati Financial by 210.0% in the third quarter. Korea Investment CORP now owns 294,423 shares of the insurance provider’s stock worth $46,548,000 after acquiring an additional 199,437 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $175.81 on Wednesday. The business has a 50 day simple moving average of $165.23 and a two-hundred day simple moving average of $163.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $27.20 billion, a P/E ratio of 10.05, a PEG ratio of 3.74 and a beta of 0.57. Cincinnati Financial Corporation has a 12 month low of $143.37 and a 12 month high of $175.98.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business 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%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. As a group, analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

Analysts Set New Price Targets

CINF has been the subject of several recent research reports. Weiss Ratings cut shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Piper Sandler boosted their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Roth Mkm upped their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.25.

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.