Curbstone Financial Management Corp Boosts Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Curbstone Financial Management Corp boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 16.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,128 shares of the insurance provider’s stock after buying an additional 578 shares during the quarter. Curbstone Financial Management Corp’s holdings in Cincinnati Financial were worth $610,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CX Institutional purchased a new position in shares of Cincinnati Financial during the 1st quarter worth $236,000. Trueblood Wealth Management LLC lifted its stake in shares of Cincinnati Financial by 2.4% during the 1st quarter. Trueblood Wealth Management LLC now owns 17,701 shares of the insurance provider’s stock worth $2,615,000 after purchasing an additional 419 shares during the period. SG Americas Securities LLC lifted its stake in shares of Cincinnati Financial by 104.1% during the 1st quarter. SG Americas Securities LLC now owns 287,363 shares of the insurance provider’s stock worth $42,449,000 after purchasing an additional 146,595 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cincinnati Financial by 7.0% during the 1st quarter. GAMMA Investing LLC now owns 5,524 shares of the insurance provider’s stock worth $816,000 after purchasing an additional 359 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Cincinnati Financial by 5.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,475 shares of the insurance provider’s stock worth $513,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Trading Down 0.0%

CINF stock opened at $146.99 on Thursday. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 8.30 and a beta of 0.78. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $141.81 and a 200-day simple moving average of $143.11. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. The business 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 business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. On average, equities research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.37%. Cincinnati Financial’s dividend payout ratio is currently 37.95%.

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.