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Investment firm boosts Cincinnati Financial stake as company beats earnings estimates, raises dividend.
Investment firm Argent Trust Co. increased its stake in Cincinnati Financial Co. by 22.2%, owning 2,320 shares worth $333,000.
Cincinnati Financial reported $3.14 EPS, exceeding estimates by $1.24 and raised its quarterly dividend to $0.87.
The company, valued at $20.52 billion with a P/E ratio of 9.03, has a consensus rating of "Moderate Buy."
Institutional investors hold 65.24% of its shares.
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La empresa de inversión impulsa la participación financiera de Cincinnati a medida que la compañía supera las estimaciones de ganancias, aumenta los dividendos.