United Capital Financial Advisors LLC Takes Position in Cincinnati Financial Corporation $CINF

United Capital Financial Advisors LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,187 shares of the insurance provider’s stock, valued at approximately $775,000.

Several other institutional investors also recently modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new stake in Cincinnati Financial during the second quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new position in shares of Cincinnati Financial in the 4th quarter worth $29,000. Covestor Ltd increased its holdings in shares of Cincinnati Financial by 98.8% in the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock worth $31,000 after buying an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the 1st quarter valued at $34,000. Finally, DV Equities LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at $36,000. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the subject of several research reports. Piper Sandler upped their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods cut their price objective on Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a research report on Wednesday, July 15th. Finally, Bank of America lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $195.40.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the transaction, the director directly owned 62,059 shares in the company, valued at $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is currently owned by insiders.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $171.97 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $26.39 billion, a PE ratio of 8.11, a P/E/G ratio of 3.60 and a beta of 0.54. The firm has a fifty day simple moving average of $178.09 and a two-hundred day simple moving average of $168.68. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period last year, the business posted $1.97 earnings per share. Research analysts expect that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is currently 17.74%.

About Cincinnati Financial

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.