Waterloo Capital L.P. Has $764,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Waterloo Capital L.P. raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,469 shares of the insurance provider’s stock after acquiring an additional 1,290 shares during the quarter. Waterloo Capital L.P.’s holdings in Cincinnati Financial were worth $764,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. lifted its stake in Cincinnati Financial by 4.3% in the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 95 shares during the last quarter. Argent Trust Co lifted its stake in shares of Cincinnati Financial by 5.0% in the second quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock worth $237,000 after buying an additional 95 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Cincinnati Financial by 9.4% in the fourth quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock worth $144,000 after buying an additional 119 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of Cincinnati Financial by 6.2% in the second quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock worth $254,000 after buying an additional 126 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Cincinnati Financial by 0.5% in the first quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock worth $3,430,000 after buying an additional 143 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cincinnati Financial Trading Up 0.1 %

Shares of CINF stock opened at $136.30 on Thursday. Cincinnati Financial Co. has a 1 year low of $96.86 and a 1 year high of $139.34. The firm’s fifty day simple moving average is $130.12 and its 200 day simple moving average is $121.95. The firm has a market capitalization of $21.34 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

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

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

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.