Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 92.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,554 shares of the insurance provider’s stock after purchasing an additional 5,076 shares during the period. CoreCap Advisors LLC’s holdings in Cincinnati Financial were worth $1,517,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter worth $27,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co purchased a new stake in Cincinnati Financial in the 4th quarter worth about $51,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent research reports. StockNews.com raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $146.67 on Friday. The company has a market capitalization of $22.93 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The company’s 50 day moving average price is $139.50 and its two-hundred day moving average price is $142.71.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. On average, analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.37%. Cincinnati Financial’s payout ratio is presently 37.95%.

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.