USS Investment Management Ltd Buys 4,066 Shares of Cincinnati Financial Corporation $CINF

USS Investment Management Ltd raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 16.8% during the first quarter, Holdings Channel reports. The firm owned 28,261 shares of the insurance provider’s stock after buying an additional 4,066 shares during the quarter. USS Investment Management Ltd’s holdings in Cincinnati Financial were worth $4,446,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Triton Financial Group Inc increased its stake in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares during the period. HUB Investment Partners LLC lifted its stake in Cincinnati Financial by 3.9% in the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 77 shares during the period. Essex Financial Services Inc. lifted its stake in Cincinnati Financial by 3.5% in the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 77 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Cincinnati Financial by 1.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock worth $669,000 after acquiring an additional 77 shares in the last quarter. Finally, William B. Walkup & Associates Inc. increased its position in Cincinnati Financial by 2.9% during the 1st quarter. William B. Walkup & Associates Inc. now owns 2,898 shares of the insurance provider’s stock valued at $428,000 after purchasing an additional 82 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $192.03 on Friday. The company’s 50-day simple moving average is $168.51 and its 200-day simple moving average is $164.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial Corporation has a fifty-two week low of $143.87 and a fifty-two week high of $192.09. The stock has a market capitalization of $29.70 billion, a P/E ratio of 10.98, a P/E/G ratio of 4.15 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. Cincinnati Financial’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Cincinnati Financial Corporation will post 8.66 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is currently 21.50%.

Analyst Upgrades and Downgrades

CINF has been the subject of several recent research reports. Roth Mkm boosted their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Bank of America dropped their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.