Weaver Capital Management LLC Raises Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Weaver Capital Management LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 9.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,086 shares of the insurance provider’s stock after buying an additional 358 shares during the period. Weaver Capital Management LLC’s holdings in Cincinnati Financial were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CINF. Wellington Management Group LLP increased its stake in Cincinnati Financial by 5.1% in the 4th quarter. Wellington Management Group LLP now owns 17,486 shares of the insurance provider’s stock worth $1,809,000 after buying an additional 853 shares in the last quarter. RFG Advisory LLC purchased a new stake in Cincinnati Financial in the 1st quarter worth $202,000. Mcdonald Partners LLC purchased a new stake in Cincinnati Financial in the 1st quarter worth $205,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial during the 1st quarter valued at about $47,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cincinnati Financial by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,475 shares of the insurance provider’s stock valued at $10,613,000 after purchasing an additional 16,735 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 1.1 %

Shares of NASDAQ CINF opened at $138.60 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $21.70 billion, a P/E ratio of 9.22, a PEG ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 1 year low of $96.86 and a 1 year high of $142.25. The firm has a 50-day simple moving average of $135.52 and a two-hundred day simple moving average of $124.90.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.33. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Research analysts anticipate that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s payout ratio is 21.56%.

Analyst Upgrades and Downgrades

Several research firms have commented on CINF. Roth Mkm increased their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $126.00 to $135.00 in a report on Friday, June 28th. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

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.