Stephens Inc. AR Purchases 377 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Stephens Inc. AR grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,777 shares of the insurance provider’s stock after purchasing an additional 377 shares during the period. Stephens Inc. AR’s holdings in Cincinnati Financial were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Chesley Taft & Associates LLC lifted its stake in shares of Cincinnati Financial by 12.7% in the 2nd quarter. Chesley Taft & Associates LLC now owns 7,100 shares of the insurance provider’s stock valued at $736,000 after acquiring an additional 800 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Cincinnati Financial by 145.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 39,564 shares of the insurance provider’s stock valued at $3,399,000 after acquiring an additional 23,418 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of Cincinnati Financial in the 2nd quarter valued at about $108,000. Belpointe Asset Management LLC bought a new stake in shares of Cincinnati Financial in the 1st quarter valued at about $126,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Cincinnati Financial by 4.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,062 shares of the insurance provider’s stock valued at $1,589,000 after acquiring an additional 802 shares during the last quarter. 63.79% of the stock is owned by hedge funds and other institutional investors.

CINF stock opened at $110.48 on Thursday. Cincinnati Financial Co. has a fifty-two week low of $71.01 and a fifty-two week high of $111.04. The business’s 50 day moving average price is $107.75 and its two-hundred day moving average price is $95.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 32.98 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. Cincinnati Financial had a return on equity of 7.17% and a net margin of 18.28%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. Sell-side analysts forecast that Cincinnati Financial Co. will post 3.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 18th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.03%. Cincinnati Financial’s dividend payout ratio (DPR) is 66.87%.

CINF has been the subject of a number of recent research reports. Credit Suisse Group raised Cincinnati Financial from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $110.00 in a research note on Friday, May 17th. MKM Partners reiterated a “buy” rating and set a $120.00 target price (up previously from $100.00) on shares of Cincinnati Financial in a report on Friday, May 24th. Royal Bank of Canada upped their target price on Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Finally, BidaskClub upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $102.40.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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