Cincinnati Financial Corporation $CINF Shares Acquired by Andra AP fonden

Andra AP fonden lifted its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 278.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,541 shares of the insurance provider’s stock after buying an additional 40,141 shares during the quarter. Andra AP fonden’s holdings in Cincinnati Financial were worth $8,582,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Cincinnati Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider’s stock valued at $3,221,579,000 after acquiring an additional 123,110 shares during the period. State Street Corp increased its holdings in shares of Cincinnati Financial by 0.3% during the 3rd quarter. State Street Corp now owns 8,542,265 shares of the insurance provider’s stock valued at $1,357,825,000 after purchasing an additional 26,475 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,632,071 shares of the insurance provider’s stock worth $1,083,151,000 after buying an additional 97,761 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cincinnati Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider’s stock valued at $671,265,000 after buying an additional 25,888 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Cincinnati Financial by 4.2% in the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock worth $299,553,000 after acquiring an additional 80,487 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 0.1%

Shares of Cincinnati Financial stock opened at $180.51 on Wednesday. The stock has a market cap of $27.92 billion, a P/E ratio of 10.32, a P/E/G ratio of 3.69 and a beta of 0.54. The stock’s 50 day simple moving average is $172.64 and its 200-day simple moving average is $166.21. Cincinnati Financial Corporation has a 1-year low of $143.87 and a 1-year high of $194.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28.

Cincinnati Financial (NASDAQ:CINF) last issued 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. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the company earned ($0.24) EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts predict that Cincinnati Financial Corporation will post 8.76 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CINF. Bank of America dropped their target price 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. Roth Capital boosted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $201.00 price objective (up from $191.00) on shares of Cincinnati Financial in a research report on Wednesday, July 8th. Finally, Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average target price of $192.40.

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.