MQS Management LLC Increases Stock Position in Cincinnati Financial Corporation $CINF

MQS Management LLC raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 187.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,001 shares of the insurance provider’s stock after buying an additional 3,914 shares during the quarter. Cincinnati Financial comprises approximately 0.6% of MQS Management LLC’s portfolio, making the stock its 16th biggest position. MQS Management LLC’s holdings in Cincinnati Financial were worth $980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CINF. EverSource Wealth Advisors LLC increased its holdings in shares of Cincinnati Financial by 14.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,697 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 212 shares in the last quarter. Evoke Wealth LLC increased its holdings in shares of Cincinnati Financial by 15.0% during the fourth quarter. Evoke Wealth LLC now owns 1,602 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 209 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $293,000. Kingdom Financial Group LLC. bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $679,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Cincinnati Financial by 99.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,829 shares of the insurance provider’s stock valued at $462,000 after acquiring an additional 1,410 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $168.10 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 3.66 and a beta of 0.59. The stock has a 50-day moving average of $162.67 and a 200 day moving average of $163.49. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the business posted ($0.24) earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts forecast that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 21.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CINF shares. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Bank of America reduced their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Roth Mkm raised their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $178.75.

Cincinnati Financial 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.