Stratos Investment Management LLC Invests $241,000 in Cincinnati Financial Corporation (NASDAQ:CINF)

Stratos Investment Management LLC purchased a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,633 shares of the insurance provider’s stock, valued at approximately $241,000.

Several other institutional investors have also added to or reduced their stakes in CINF. Dupree Financial Group LLC raised its stake in shares of Cincinnati Financial by 0.6% during the first quarter. Dupree Financial Group LLC now owns 52,970 shares of the insurance provider’s stock valued at $7,825,000 after acquiring an additional 296 shares during the last quarter. Brass Tax Wealth Management Inc. raised its position in Cincinnati Financial by 5.2% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 94 shares during the last quarter. OLD Republic International Corp raised its position in Cincinnati Financial by 1.0% during the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider’s stock valued at $58,955,000 after purchasing an additional 4,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Cincinnati Financial by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 149,452 shares of the insurance provider’s stock worth $22,077,000 after buying an additional 14,440 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of Cincinnati Financial by 35.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,277 shares of the insurance provider’s stock worth $336,000 after buying an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CINF shares. Wall Street Zen upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $150.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Cincinnati Financial Stock Up 0.4%

Shares of NASDAQ:CINF opened at $146.71 on Thursday. The firm has a market capitalization of $22.93 billion, a P/E ratio of 16.00, a P/E/G ratio of 9.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50 day moving average price of $147.39 and a 200-day moving average price of $142.16. Cincinnati Financial Corporation has a 52-week low of $115.43 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.37%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 37.95%.

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.