Mid Atlantic Financial Management Inc. ADV lowered its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,031 shares of the insurance provider’s stock after selling 210 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Cincinnati Financial were worth $948,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Deutsche Bank AG increased its holdings in Cincinnati Financial by 18.4% in the 4th quarter. Deutsche Bank AG now owns 336,004 shares of the insurance provider’s stock worth $26,009,000 after purchasing an additional 52,224 shares in the last quarter. MUFG Securities EMEA plc increased its holdings in Cincinnati Financial by 721.8% in the 4th quarter. MUFG Securities EMEA plc now owns 33,700 shares of the insurance provider’s stock worth $2,609,000 after purchasing an additional 29,599 shares in the last quarter. TD Asset Management Inc. increased its holdings in Cincinnati Financial by 0.6% in the 4th quarter. TD Asset Management Inc. now owns 441,251 shares of the insurance provider’s stock worth $34,162,000 after purchasing an additional 2,512 shares in the last quarter. Legal & General Group Plc increased its holdings in Cincinnati Financial by 7.4% in the 3rd quarter. Legal & General Group Plc now owns 911,582 shares of the insurance provider’s stock worth $69,990,000 after purchasing an additional 63,086 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its holdings in Cincinnati Financial by 18.1% in the 4th quarter. WealthPLAN Partners LLC now owns 57,672 shares of the insurance provider’s stock worth $4,929,000 after purchasing an additional 8,845 shares in the last quarter. 65.12% of the stock is owned by institutional investors.
CINF has been the subject of a number of recent research reports. BidaskClub raised Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 5th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research note on Tuesday, February 12th. Finally, Credit Suisse Group raised Cincinnati Financial from an “underperform” rating to a “neutral” rating and increased their price target for the company from $75.00 to $90.00 in a research note on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $95.67.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Cincinnati Financial had a return on equity of 7.35% and a net margin of 15.97%. The business’s quarterly revenue was up 76.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, research analysts predict that Cincinnati Financial Co. will post 3.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Wednesday, June 19th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $2.24 annualized dividend and a dividend yield of 2.29%. Cincinnati Financial’s payout ratio is 66.87%.
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Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, 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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