Illinois Municipal Retirement Fund Has $19.88 Million Holdings in Cincinnati Financial Corporation $CINF

Illinois Municipal Retirement Fund increased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,720 shares of the insurance provider’s stock after purchasing an additional 5,591 shares during the quarter. Illinois Municipal Retirement Fund owned 0.08% of Cincinnati Financial worth $19,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CINF. Janney Montgomery Scott LLC increased its stake in Cincinnati Financial by 63.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 176,701 shares of the insurance provider’s stock valued at $28,859,000 after acquiring an additional 68,636 shares during the last quarter. Fox Run Management L.L.C. lifted its stake in Cincinnati Financial by 98.9% during the fourth quarter. Fox Run Management L.L.C. now owns 3,061 shares of the insurance provider’s stock worth $500,000 after purchasing an additional 1,522 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Cincinnati Financial by 34.9% in the 4th quarter. Cerity Partners LLC now owns 66,160 shares of the insurance provider’s stock valued at $10,805,000 after purchasing an additional 17,134 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Cincinnati Financial by 6.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 68,868 shares of the insurance provider’s stock valued at $11,248,000 after purchasing an additional 4,058 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Cincinnati Financial by 118.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,321 shares of the insurance provider’s stock valued at $379,000 after purchasing an additional 1,258 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $166.43 on Thursday. The stock has a market cap of $25.75 billion, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 3.56 and a beta of 0.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $163.26 and its 200-day moving average is $163.45. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned ($0.24) EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. Equities research analysts anticipate that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CINF shares. Piper Sandler increased their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Bank of America decreased their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $183.25.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.