Carroll Financial Associates Inc. Increases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)


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Carroll Financial Associates Inc. raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the insurance provider’s stock after buying an additional 99 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Cincinnati Financial were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Smith Shellnut Wilson LLC ADV lifted its position in Cincinnati Financial by 2.1% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 4,517 shares of the insurance provider’s stock valued at $466,000 after buying an additional 95 shares during the last quarter. Ullmann Financial Group Inc. lifted its position in shares of Cincinnati Financial by 1.1% during the fourth quarter. Ullmann Financial Group Inc. now owns 11,506 shares of the insurance provider’s stock worth $1,005,000 after purchasing an additional 121 shares in the last quarter. American Research & Management Co. lifted its position in shares of Cincinnati Financial by 4.6% during the first quarter. American Research & Management Co. now owns 2,846 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 126 shares in the last quarter. Sigma Planning Corp lifted its position in shares of Cincinnati Financial by 4.7% during the fourth quarter. Sigma Planning Corp now owns 3,511 shares of the insurance provider’s stock worth $307,000 after purchasing an additional 158 shares in the last quarter. Finally, F3Logic LLC lifted its position in shares of Cincinnati Financial by 0.8% during the fourth quarter. F3Logic LLC now owns 24,443 shares of the insurance provider’s stock worth $2,146,000 after purchasing an additional 184 shares in the last quarter. 65.26% of the stock is currently owned by institutional investors.

Shares of Cincinnati Financial stock opened at $106.47 on Tuesday. The firm has a market capitalization of $17.15 billion, a P/E ratio of 21.95 and a beta of 0.59. Cincinnati Financial Co. has a 52 week low of $46.07 and a 52 week high of $108.99. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $104.01 and its two-hundred day moving average is $88.11.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Tuesday, February 9th. The insurance provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.42. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $1.63 billion. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. As a group, research analysts expect that Cincinnati Financial Co. will post 2.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 17th will be paid a $0.63 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.60. This represents a $2.52 annualized dividend and a yield of 2.37%. The ex-dividend date is Tuesday, March 16th. Cincinnati Financial’s dividend payout ratio is currently 60.00%.

Several brokerages have recently issued reports on CINF. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cincinnati Financial from $74.00 to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, February 16th. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, February 11th. Finally, MKM Partners raised their target price on shares of Cincinnati Financial from $110.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, March 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.83.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in 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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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