Sequoia Financial Advisors LLC Has $659,000 Stock Holdings in Cincinnati Financial Corporation $CINF

Sequoia Financial Advisors LLC increased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 30.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,422 shares of the insurance provider’s stock after purchasing an additional 1,031 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $659,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. ORG Partners LLC lifted its position in shares of 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 purchasing an additional 72 shares during the last quarter. Spire Wealth Management lifted its position in shares of Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 76 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in Cincinnati Financial by 5.7% in the 2nd 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 in the last quarter. CWA Asset Management Group LLC raised its holdings in Cincinnati Financial by 4.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock valued at $352,000 after acquiring an additional 94 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. raised its holdings in Cincinnati Financial by 5.2% in the 1st quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock valued at $279,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Roth Capital upped their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.25.

Cincinnati Financial Trading Up 1.1%

Shares of CINF opened at $153.02 on Monday. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $166.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $155.54 and a 200-day simple moving average of $148.37. The stock has a market cap of $23.93 billion, a PE ratio of 13.27, a PEG ratio of 7.16 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (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 prior year, the firm posted $1.29 EPS. Cincinnati Financial’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were issued a $0.87 dividend. 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 2.3%. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

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.