Sei Investments Co. Has $4.71 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Sei Investments Co. raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,907 shares of the insurance provider’s stock after buying an additional 1,865 shares during the quarter. Sei Investments Co.’s holdings in Cincinnati Financial were worth $4,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CINF. State Board of Administration of Florida Retirement System boosted its position in Cincinnati Financial by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after acquiring an additional 7,709 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cincinnati Financial by 40.6% during the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock worth $20,904,000 after acquiring an additional 48,597 shares during the period. United Advisor Group LLC acquired a new position in Cincinnati Financial in the 4th quarter valued at $888,000. Vest Financial LLC increased its position in Cincinnati Financial by 14.0% during the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock worth $44,726,000 after acquiring an additional 46,530 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Cincinnati Financial by 77.3% during the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock worth $5,326,000 after purchasing an additional 18,704 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Bank of America decreased their price objective on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $133.57.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $137.28 on Wednesday. The company has a fifty day moving average of $132.40 and a 200-day moving average of $123.16. Cincinnati Financial Co. has a 52-week low of $96.86 and a 52-week high of $139.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $21.49 billion, a P/E ratio of 9.13, a P/E/G ratio of 2.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company earned $1.21 EPS. Cincinnati Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

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.