GoalVest Advisory LLC Acquires 152 Shares of Cincinnati Financial Corporation $CINF

GoalVest Advisory LLC lifted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 58.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 410 shares of the insurance provider’s stock after buying an additional 152 shares during the quarter. GoalVest Advisory LLC’s holdings in Cincinnati Financial were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in shares of Cincinnati Financial by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 158,409 shares of the insurance provider’s stock valued at $23,590,000 after purchasing an additional 8,957 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Cincinnati Financial by 8.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 46,382 shares of the insurance provider’s stock worth $6,948,000 after acquiring an additional 3,516 shares during the last quarter. Brighton Jones LLC bought a new stake in Cincinnati Financial in the 2nd quarter worth $323,000. BIP Wealth LLC grew its holdings in Cincinnati Financial by 7.6% in the 2nd quarter. BIP Wealth LLC now owns 3,828 shares of the insurance provider’s stock worth $570,000 after acquiring an additional 270 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs grew its holdings in Cincinnati Financial by 8.6% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 7,476 shares of the insurance provider’s stock worth $1,113,000 after acquiring an additional 594 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the topic of a number of recent analyst reports. Roth Capital raised their price target on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.25.

Cincinnati Financial Trading Up 0.6%

NASDAQ:CINF opened at $157.64 on Tuesday. The company has a 50-day moving average price of $156.07 and a 200-day moving average price of $149.46. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 7.01 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the company posted $1.42 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 30.18%.

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.