Captrust Financial Advisors Raises Position in Cincinnati Financial Co. (NASDAQ:CINF)

Captrust Financial Advisors increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 13.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,685 shares of the insurance provider’s stock after purchasing an additional 2,122 shares during the period. Captrust Financial Advisors’ holdings in Cincinnati Financial were worth $2,541,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CINF. BNP Paribas Financial Markets boosted its holdings in Cincinnati Financial by 27.2% in the fourth quarter. BNP Paribas Financial Markets now owns 330,558 shares of the insurance provider’s stock worth $47,501,000 after acquiring an additional 70,658 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Cincinnati Financial by 7.5% in the 4th quarter. Ameriprise Financial Inc. now owns 103,813 shares of the insurance provider’s stock worth $14,933,000 after purchasing an additional 7,250 shares in the last quarter. AXA S.A. grew its position in Cincinnati Financial by 338.4% during the 4th quarter. AXA S.A. now owns 17,147 shares of the insurance provider’s stock worth $2,464,000 after purchasing an additional 13,236 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Cincinnati Financial by 12.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,195 shares of the insurance provider’s stock valued at $11,380,000 after purchasing an additional 9,036 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Cincinnati Financial by 62.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider’s stock valued at $90,166,000 after purchasing an additional 241,540 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 0.8%

CINF stock opened at $147.80 on Monday. The company has a market capitalization of $23.10 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The firm’s fifty day simple moving average is $139.59 and its 200-day simple moving average is $142.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

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

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. Cincinnati Financial’s payout ratio is 37.95%.

Analysts Set New Price Targets

Several research firms have recently commented on CINF. Keefe, Bruyette & Woods lowered their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.40.

Cincinnati Financial 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.