Vanguard Group Inc. Raises Stock Position in Cincinnati Financial Corporation $CINF

Vanguard Group Inc. lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,572,511 shares of the insurance provider’s stock after buying an additional 317,033 shares during the quarter. Vanguard Group Inc. owned approximately 12.52% of Cincinnati Financial worth $2,914,738,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. ORG Partners LLC increased its holdings in shares of Cincinnati Financial by 5.0% in the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 72 shares in the last quarter. Forum Financial Management LP raised 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 buying an additional 80 shares during the period. PCA Investment Advisory Services Inc. lifted its holdings in 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 valued at $1,628,000 after purchasing an additional 81 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in Cincinnati Financial by 5.7% during the second quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after acquiring an additional 89 shares during the period. Finally, Horan Securities Inc. boosted its stake in Cincinnati Financial by 3.9% in the 2nd quarter. Horan Securities Inc. now owns 2,377 shares of the insurance provider’s stock worth $354,000 after purchasing an additional 89 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director owned 58,482 shares in the company, valued at $9,005,058.36. The trade was a 1.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $163.66 on Friday. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69. The company has a 50 day moving average price of $158.48 and a 200-day moving average price of $152.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $168.20.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

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

Cincinnati Financial Company 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.