Empirical Finance LLC Acquires 398 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Empirical Finance LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,281 shares of the insurance provider’s stock after buying an additional 398 shares during the quarter. Empirical Finance LLC’s holdings in Cincinnati Financial were worth $260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wagner Wealth Management LLC raised its holdings in Cincinnati Financial by 43.8% during the 3rd quarter. Wagner Wealth Management LLC now owns 279 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 85 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of Cincinnati Financial by 32.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 396 shares of the insurance provider’s stock worth $45,000 after buying an additional 98 shares during the period. CWM LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $46,000. Whittier Trust Co. of Nevada Inc. grew its position in Cincinnati Financial by 340.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 427 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 330 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in Cincinnati Financial in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 65.73% of the company’s stock.

Several analysts recently issued reports on CINF shares. StockNews.com started coverage on shares of Cincinnati Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $145.00 price target for the company in a research report on Friday, February 18th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Buy” and a consensus price target of $129.80.

CINF opened at $138.59 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 7.65 and a beta of 0.63. The firm’s fifty day moving average price is $129.17 and its two-hundred day moving average price is $122.01. Cincinnati Financial Co. has a 1 year low of $105.64 and a 1 year high of $139.82.

Cincinnati Financial (NASDAQ:CINFGet Rating) last released its earnings results on Tuesday, February 15th. The insurance provider reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.47. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Cincinnati Financial had a return on equity of 8.70% and a net margin of 30.59%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.61 EPS. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 5.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, March 18th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 17th. Cincinnati Financial’s payout ratio is presently 15.24%.

About Cincinnati Financial (Get Rating)

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

See Also

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINFGet Rating).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.