Stratos Wealth Partners LTD. Sells 94 Shares of Cincinnati Financial Corporation $CINF

Stratos Wealth Partners LTD. lowered its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,333 shares of the insurance provider’s stock after selling 94 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Cincinnati Financial were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. ORG Partners LLC increased its holdings in Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 72 shares in the last quarter. Spire Wealth Management increased its holdings in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. 3Chopt Investment Partners LLC increased its holdings in Cincinnati Financial by 5.7% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 89 shares in the last quarter. Brass Tax Wealth Management Inc. increased its holdings in Cincinnati Financial by 5.2% during the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 94 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in Cincinnati Financial by 51.6% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.6%

Shares of Cincinnati Financial stock opened at $156.67 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $166.90. The business has a fifty day simple moving average of $155.91 and a 200 day simple moving average of $149.04. The stock has a market cap of $24.50 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 6.96 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. Research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s payout ratio is 30.18%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CINF. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Roth Capital lifted their target price on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research note on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.25.

Cincinnati Financial Profile

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.