Sei Investments Co. raised its stake in Cincinnati Monetary Co. (NASDAQ:CINF – Free Report) by 4.9% throughout the 2nd quarter, based on its most up-to-date Type 13F submitting with the Securities and Trade Fee. The agency owned 39,907 shares of the insurance coverage supplier’s inventory after shopping for an extra 1,865 shares throughout the quarter. Sei Investments Co.’s holdings in Cincinnati Monetary have been value $4,713,000 as of its most up-to-date submitting with the Securities and Trade Fee.
Various different hedge funds have additionally modified their holdings of CINF. State Board of Administration of Florida Retirement System boosted its place in Cincinnati Monetary by 4.3% throughout the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance coverage supplier’s inventory value $23,367,000 after buying an extra 7,709 shares over the past quarter. BNP Paribas Monetary Markets boosted its holdings in shares of Cincinnati Monetary by 40.6% throughout the first quarter. BNP Paribas Monetary Markets now owns 168,351 shares of the insurance coverage supplier’s inventory value $20,904,000 after buying an extra 48,597 shares throughout the interval. United Advisor Group LLC acquired a brand new place in Cincinnati Monetary within the 4th quarter valued at $888,000. Vest Monetary LLC elevated its place in Cincinnati Monetary by 14.0% throughout the second quarter. Vest Monetary LLC now owns 378,717 shares of the insurance coverage supplier’s inventory value $44,726,000 after buying an extra 46,530 shares throughout the interval. Lastly, SG Americas Securities LLC elevated its holdings in shares of Cincinnati Monetary by 77.3% throughout the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance coverage supplier’s inventory value $5,326,000 after buying an extra 18,704 shares throughout the interval. 65.24% of the inventory is at present owned by institutional buyers and hedge funds.
Wall Road Analysts Forecast Progress
A number of equities analysts have just lately issued experiences on the corporate. Citigroup upgraded Cincinnati Monetary from a “impartial” score to a “purchase” score and lifted their value goal for the corporate from $126.00 to $135.00 in a analysis observe on Friday, June twenty eighth. Keefe, Bruyette & Woods lifted their goal value on Cincinnati Monetary from $146.00 to $150.00 and gave the inventory an “outperform” score in a report on Thursday, August 1st. Financial institution of America decreased their value goal on shares of Cincinnati Monetary from $151.00 to $149.00 and set a “purchase” score for the corporate in a analysis report on Tuesday, August sixth. Lastly, Roth Mkm lifted their goal value on Cincinnati Monetary from $130.00 to $140.00 and gave the inventory a “purchase” score in a report on Friday, July twenty sixth. 4 equities analysis analysts have rated the inventory with a maintain score and 5 have given a purchase score to the inventory. In line with MarketBeat.com, Cincinnati Monetary presently has a median score of “Average Purchase” and a median value goal of $133.57.
Learn Our Newest Inventory Evaluation on CINF
Cincinnati Monetary Inventory Efficiency
NASDAQ CINF opened at $137.28 on Wednesday. The corporate has a fifty day transferring common of $132.40 and a 200-day transferring common of $123.16. Cincinnati Monetary Co. has a 52-week low of $96.86 and a 52-week excessive of $139.34. The corporate has a debt-to-equity ratio of 0.07, a fast ratio of 0.27 and a present ratio of 0.27. The corporate has a market capitalization of $21.49 billion, a P/E ratio of 9.13, a P/E/G ratio of two.65 and a beta of 0.66.
Cincinnati Monetary (NASDAQ:CINF – Get Free Report) final posted its quarterly earnings outcomes on Thursday, July twenty fifth. The insurance coverage supplier reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Monetary had a return on fairness of 9.10% and a web margin of 20.20%. The enterprise had income of $2.08 billion for the quarter, in comparison with analyst estimates of $2.21 billion. Throughout the identical interval final yr, the corporate earned $1.21 EPS. Cincinnati Monetary’s income for the quarter was up 11.4% in comparison with the identical quarter final yr. As a bunch, equities analysis analysts predict that Cincinnati Monetary Co. will put up 6.58 EPS for the present fiscal yr.
Cincinnati Monetary Broadcasts Dividend
The corporate additionally just lately introduced a quarterly dividend, which will probably be paid on Tuesday, October fifteenth. Stockholders of file on Tuesday, September seventeenth will probably be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of two.36%. The ex-dividend date of this dividend is Tuesday, September seventeenth. Cincinnati Monetary’s dividend payout ratio is at present 21.56%.
Cincinnati Monetary Profile
Cincinnati Monetary Company, along with its subsidiaries, offers property casualty insurance coverage merchandise in the US. It operates by way of 5 segments: Industrial Traces Insurance coverage, Private Traces Insurance coverage, Extra and Surplus Traces Insurance coverage, Life Insurance coverage, and Investments. The Industrial Traces Insurance coverage phase gives protection for business casualty, business property, business auto, and staff’ compensation.
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