Vest Financial LLC Increases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Vest Financial LLC grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 378,717 shares of the insurance provider’s stock after acquiring an additional 46,530 shares during the period. Cincinnati Financial comprises 1.1% of Vest Financial LLC’s investment portfolio, making the stock its 27th biggest holding. Vest Financial LLC owned approximately 0.24% of Cincinnati Financial worth $44,726,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. iA Global Asset Management Inc. grew its position in Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 95 shares in the last quarter. Trust Co. of Vermont increased its holdings in Cincinnati Financial by 9.4% during the 4th quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock worth $144,000 after purchasing an additional 119 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of Cincinnati Financial by 6.2% during the second quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock worth $254,000 after buying an additional 126 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Cincinnati Financial by 2.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,590 shares of the insurance provider’s stock valued at $578,000 after buying an additional 132 shares during the last quarter. Finally, Czech National Bank raised its position in shares of Cincinnati Financial by 0.5% during the 1st quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock worth $3,430,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CINF. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Roth Mkm lifted their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Bank of America decreased their price target on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.57.

Cincinnati Financial Trading Down 2.5 %

NASDAQ:CINF opened at $133.97 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market cap of $20.97 billion, a PE ratio of 8.91, a P/E/G ratio of 2.63 and a beta of 0.66. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $139.34. The business’s 50 day moving average is $128.21 and its two-hundred day moving average is $121.15.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.42%. Cincinnati Financial’s payout ratio is presently 21.56%.

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.