Chevy Chase Trust Holdings LLC Has $12.30 Million Stock Position in Cincinnati Financial Corporation $CINF

Chevy Chase Trust Holdings LLC grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,613 shares of the insurance provider’s stock after buying an additional 588 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Cincinnati Financial worth $12,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider’s stock worth $2,844,419,000 after purchasing an additional 87,773 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cincinnati Financial by 6.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after purchasing an additional 358,018 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cincinnati Financial by 2.2% in the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock worth $273,062,000 after purchasing an additional 40,222 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Cincinnati Financial in the first quarter worth approximately $270,005,000. Finally, Bahl & Gaynor Inc. lifted its position in shares of Cincinnati Financial by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,169,676 shares of the insurance provider’s stock worth $172,785,000 after purchasing an additional 49,593 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Finally, Roth Capital increased their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.25.

Cincinnati Financial Trading Up 1.1%

Shares of CINF stock opened at $153.02 on Monday. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $155.54 and its two-hundred day moving average is $148.37. The company has a market cap of $23.93 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 7.16 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Cincinnati Financial’s revenue was up 15.5% compared to the same quarter last year. Equities analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s payout ratio is 30.18%.

Cincinnati Financial Company 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.