Cincinnati Financial Corporation $CINF Shares Bought by Vest Financial LLC

Vest Financial LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 472,308 shares of the insurance provider’s stock after acquiring an additional 4,173 shares during the period. Cincinnati Financial makes up approximately 1.0% of Vest Financial LLC’s investment portfolio, making the stock its 11th largest position. Vest Financial LLC owned about 0.30% of Cincinnati Financial worth $70,336,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Welch Group LLC increased its holdings in shares of Cincinnati Financial by 0.5% during the 2nd quarter. Welch Group LLC now owns 400,492 shares of the insurance provider’s stock worth $59,641,000 after buying an additional 1,813 shares during the last quarter. CWM LLC increased its holdings in shares of Cincinnati Financial by 6.1% during the 2nd quarter. CWM LLC now owns 20,163 shares of the insurance provider’s stock worth $3,003,000 after buying an additional 1,167 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Cincinnati Financial during the 2nd quarter worth approximately $1,445,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Cincinnati Financial by 11.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,228 shares of the insurance provider’s stock worth $2,715,000 after buying an additional 1,805 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Cincinnati Financial by 38.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,144 shares of the insurance provider’s stock worth $468,000 after buying an additional 867 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 1.7%

Cincinnati Financial stock opened at $158.97 on Monday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day moving average price of $155.11 and a 200 day moving average price of $148.06. The company has a market capitalization of $24.86 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 7.77 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. 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. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.25.

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.