Ibex Wealth Advisors Buys Shares of 3,471 Cincinnati Financial Corporation $CINF

Ibex Wealth Advisors purchased a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,471 shares of the insurance provider’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its stake in Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock worth $226,000 after buying an additional 72 shares during the period. Forum Financial Management LP grew its stake in shares of Cincinnati Financial by 2.1% in the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 80 shares in the last quarter. PCA Investment Advisory Services Inc. increased its position in shares of Cincinnati Financial by 0.7% during the second quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider’s stock worth $1,628,000 after acquiring an additional 81 shares during the period. 3Chopt Investment Partners LLC increased its position in shares of Cincinnati Financial by 5.7% during the second quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 89 shares during the period. Finally, Horan Securities Inc. raised its stake in shares of Cincinnati Financial by 3.9% in the second quarter. Horan Securities Inc. now owns 2,377 shares of the insurance provider’s stock valued at $354,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $171.67.

Cincinnati Financial Price Performance

Shares of CINF opened at $166.40 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $167.10. The firm has a 50-day simple moving average of $156.87 and a 200-day simple moving average of $151.35. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the business earned $1.42 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is 25.89%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.83% of the stock is currently owned by corporate insiders.

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.