Eurizon Capital SGR S.p.A. Invests $1.23 Million in Cincinnati Financial Corporation $CINF

Eurizon Capital SGR S.p.A. bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,540 shares of the insurance provider’s stock, valued at approximately $1,231,000.

Other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter worth about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth about $30,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 108 shares during the last quarter. Oakworth Capital Inc. bought a new stake in Cincinnati Financial during the 4th quarter valued at about $46,000. Finally, West Branch Capital LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at about $48,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.7%

Shares of CINF opened at $158.00 on Wednesday. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $24.44 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 3.41 and a beta of 0.57. The company has a 50-day moving average of $162.57 and a 200 day moving average of $163.53.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. Cincinnati Financial’s payout ratio is currently 21.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CINF shares. Bank of America decreased their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus 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.