Cincinnati Financial Corporation $CINF Shares Acquired by Forum Financial Management LP

Forum Financial Management LP grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,949 shares of the insurance provider’s stock after buying an additional 80 shares during the period. Forum Financial Management LP’s holdings in Cincinnati Financial were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Cincinnati Financial in the first quarter valued at about $337,000. FJ Capital Management LLC raised its position in shares of Cincinnati Financial by 97.5% in the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock valued at $4,327,000 after buying an additional 14,464 shares during the last quarter. M&T Bank Corp raised its position in shares of Cincinnati Financial by 12.7% in the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider’s stock valued at $1,161,000 after buying an additional 887 shares during the last quarter. OLD Republic International Corp raised its position in shares of Cincinnati Financial by 1.0% in the first quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider’s stock valued at $58,955,000 after buying an additional 4,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Cincinnati Financial by 8.6% in the first quarter. Asset Management One Co. Ltd. now owns 65,356 shares of the insurance provider’s stock valued at $9,654,000 after buying an additional 5,159 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.6%

Shares of CINF stock opened at $156.67 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $24.50 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 6.96 and a beta of 0.72. The company has a 50-day moving average of $155.91 and a two-hundred day moving average of $149.04. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. Cincinnati Financial’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. On average, analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 30.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CINF shares. Roth Capital upped their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus price target of $157.25.

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.