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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its holdings in Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after purchasing an additional 64 shares during the last quarter. Legacy Financial Strategies LLC raised its stake in shares of Cincinnati Financial by 0.3% during the 3rd quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after buying an additional 65 shares during the last quarter. State of Wyoming raised its stake in shares of Cincinnati Financial by 5.4% during the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after buying an additional 67 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Cincinnati Financial by 0.5% in the 3rd quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after buying an additional 75 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in shares of Cincinnati Financial by 3.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after buying an additional 77 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $161.50 on Friday. The firm has a market cap of $24.98 billion, a PE ratio of 9.23, a P/E/G ratio of 3.51 and a beta of 0.59. Cincinnati Financial Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $162.66 and a 200 day moving average price of $162.71.

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

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.94 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 21.50%.

Analyst Ratings Changes

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

Cincinnati Financial 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.