Cincinnati Financial Corporation $CINF Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,574 shares of the insurance provider’s stock after purchasing an additional 3,216 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $2,870,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at $25,000. LRI Investments LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth $29,000. Redmont Wealth Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth $30,000. Quent Capital LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at about $34,000. Finally, Oakworth Capital Inc. acquired a new position in Cincinnati Financial during the 4th quarter valued at about $46,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $161.50 on Friday. The business has a fifty day moving average of $162.66 and a 200 day moving average of $162.71. Cincinnati Financial Corporation has a 1 year low of $143.37 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 3.51 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.17. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.During the same quarter in the previous year, the business earned ($0.24) EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CINF. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Bank of America cut their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Roth Mkm lifted their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Cincinnati Financial presently has an average rating of “Buy” and an average target price of $178.75.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.