Mutual of America Capital Management LLC Boosts Position in Cincinnati Financial Co. (NASDAQ:CINF)

Mutual of America Capital Management LLC grew its position in Cincinnati Financial Co. (NASDAQ:CINF – Get Rating) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,787 shares of the insurance provider’s stock after buying an additional 121 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cincinnati Financial were worth $2,254,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC increased its position 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 in the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Cincinnati Financial by 32.9% during the third quarter. Eagle Bay Advisors LLC now owns 396 shares of the insurance provider’s stock worth $45,000 after buying an additional 98 shares in the last quarter. CWM LLC acquired a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $46,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Cincinnati Financial by 340.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 427 shares of the insurance provider’s stock valued at $49,000 after buying an additional 330 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in Cincinnati Financial during the fourth quarter worth approximately $51,000. 65.73% of the stock is owned by institutional investors and hedge funds.

CINF opened at $136.66 on Friday. The company has a market cap of $21.92 billion, a PE ratio of 7.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $106.29 and a 1 year high of $143.22. The firm has a 50 day moving average price of $130.58 and a 200 day moving average price of $122.59.

Cincinnati Financial (NASDAQ:CINF – Get Rating) last issued its quarterly earnings data 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. Cincinnati Financial had a return on equity of 8.70% and a net margin of 30.59%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. On average, sell-side analysts predict that Cincinnati Financial Co. will post 5.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders 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 yield of 2.02%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, March 17th. Cincinnati Financial’s dividend payout ratio is 15.24%.

A number of brokerages have weighed in on CINF. StockNews.com initiated coverage on Cincinnati Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.80.

Cincinnati Financial Company Profile (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.

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