Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 2,567 Shares of Cincinnati Financial Corporation $CINF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 7.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,334 shares of the insurance provider’s stock after acquiring an additional 2,567 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cincinnati Financial were worth $5,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CINF. Quintet Private Bank Europe S.A. purchased a new stake in Cincinnati Financial during the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Cincinnati Financial during the 1st quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Cincinnati Financial during the 1st quarter valued at approximately $32,000. AlphaQuest LLC increased its stake in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Carderock Capital Management Inc. bought a new stake in shares of Cincinnati Financial in the 2nd quarter worth approximately $45,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $161.44 on Tuesday. The stock’s 50-day simple moving average is $157.98 and its 200 day simple moving average is $152.31. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $168.20. The stock has a market capitalization of $25.19 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. Cincinnati Financial’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. Research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, December 22nd. Cincinnati Financial’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CINF. Roth Capital reissued a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Buy” and a consensus target price of $171.67.

About Cincinnati Financial

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.