Schroder Investment Management Group Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

Schroder Investment Management Group bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,778 shares of the insurance provider’s stock, valued at approximately $3,294,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kavar Capital Partners LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $26,000. Hanson & Doremus Investment Management purchased a new stake in Cincinnati Financial during the 2nd quarter valued at $40,000. Gradient Investments LLC purchased a new stake in Cincinnati Financial during the 2nd quarter valued at $46,000. Meridian Wealth Management LLC purchased a new stake in Cincinnati Financial during the 1st quarter valued at $48,000. Finally, Parallel Advisors LLC raised its holdings in Cincinnati Financial by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 758 shares of the insurance provider’s stock valued at $65,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

CINF stock opened at $114.94 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $109.04 and its two-hundred day simple moving average is $98.11. Cincinnati Financial Co. has a twelve month low of $71.01 and a twelve month high of $115.56. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 34.31 and a beta of 0.64.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. Cincinnati Financial had a return on equity of 7.17% and a net margin of 18.28%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue was up 22.8% compared to the same quarter last year. Research analysts expect that Cincinnati Financial Co. will post 3.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 18th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $2.24 dividend on an annualized basis and a yield of 1.95%. Cincinnati Financial’s payout ratio is 66.87%.

Several analysts recently weighed in on the company. BidaskClub upgraded Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Royal Bank of Canada increased their price target on Cincinnati Financial to $105.00 and gave the company a “sector perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $120.00 price target (up previously from $100.00) on shares of Cincinnati Financial in a report on Friday, May 24th. Finally, Credit Suisse Group upgraded Cincinnati Financial from a “neutral” rating to an “outperform” rating and increased their price target for the company from $90.00 to $110.00 in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.40.

Cincinnati Financial 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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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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