1,357 Shares in Cincinnati Financial Corporation $CINF Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the second quarter, Holdings Channel reports. The fund bought 1,357 shares of the insurance provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in Cincinnati Financial during the 2nd quarter worth $25,000. Spire Wealth Management boosted its position in Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Cincinnati Financial during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in Cincinnati Financial during the 1st quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.1%

Shares of NASDAQ:CINF opened at $153.02 on Friday. The company has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 7.16 and a beta of 0.72. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The business has a 50-day moving average price of $155.54 and a 200 day moving average price of $148.35. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were paid a $0.87 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s payout ratio is 30.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CINF. Roth Capital boosted their target price on 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 research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.