Strs Ohio Has $22.09 Million Holdings in Cincinnati Financial Corporation $CINF

Strs Ohio grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,384 shares of the insurance provider’s stock after purchasing an additional 8,494 shares during the quarter. Strs Ohio’s holdings in Cincinnati Financial were worth $22,089,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Triton Financial Group Inc raised 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 worth $1,718,000 after buying an additional 73 shares during the last quarter. Essex Financial Services Inc. lifted its holdings 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 valued at $374,000 after buying an additional 77 shares during the period. HUB Investment Partners LLC boosted 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 valued at $303,000 after acquiring an additional 77 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Cincinnati Financial by 1.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock valued at $669,000 after acquiring an additional 77 shares during the last quarter. Finally, William B. Walkup & Associates Inc. grew its holdings 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 worth $428,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $192.03 on Friday. Cincinnati Financial Corporation has a 1 year low of $143.87 and a 1 year high of $192.09. The business has a 50-day moving average of $168.51 and a two-hundred day moving average of $164.98. The company has a market capitalization of $29.70 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 4.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. Cincinnati Financial’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts predict that Cincinnati Financial Corporation will post 8.66 EPS for the current year.

Cincinnati Financial Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler upped their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Roth Mkm lifted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Finally, Bank of America cut their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One 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 company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.