Avanza Fonder AB Has $1.41 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Avanza Fonder AB decreased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,543 shares of the insurance provider’s stock after selling 3,970 shares during the period. Avanza Fonder AB’s holdings in Cincinnati Financial were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in shares of Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider’s stock worth $2,541,000 after buying an additional 2,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Cincinnati Financial by 7.4% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider’s stock worth $55,802,000 after buying an additional 25,926 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock valued at $3,322,000 after purchasing an additional 2,383 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $4,935,000. Finally, Aviva PLC increased its holdings in shares of Cincinnati Financial by 68.0% in the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider’s stock valued at $1,398,000 after purchasing an additional 3,938 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

CINF opened at $146.99 on Thursday. The company has a fifty day moving average price of $141.81 and a two-hundred day moving average price of $143.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The firm has a market capitalization of $22.98 billion, a PE ratio of 10.12, a P/E/G ratio of 8.30 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio is presently 37.95%.

Wall Street Analyst Weigh In

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

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.