Client First Capital LLC Takes $275,000 Position in Cincinnati Financial Corporation $CINF

Client First Capital LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,844 shares of the insurance provider’s stock, valued at approximately $275,000. Cincinnati Financial makes up approximately 0.1% of Client First Capital LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cincinnati Financial by 0.5% in the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider’s stock worth $2,844,419,000 after acquiring an additional 87,773 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock worth $940,130,000 after purchasing an additional 358,018 shares during the last quarter. Invesco Ltd. grew its stake in shares of Cincinnati Financial by 2.2% during the first quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider’s stock worth $273,062,000 after purchasing an additional 40,222 shares in the last quarter. GQG Partners LLC purchased a new position in Cincinnati Financial in the first quarter valued at $270,005,000. Finally, Bahl & Gaynor Inc. raised its stake in Cincinnati Financial by 4.4% in the first quarter. Bahl & Gaynor Inc. now owns 1,169,676 shares of the insurance provider’s stock valued at $172,785,000 after buying an additional 49,593 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.5%

NASDAQ:CINF opened at $166.89 on Thursday. The company has a market capitalization of $26.04 billion, a PE ratio of 12.42, a P/E/G ratio of 4.27 and a beta of 0.69. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $168.20. The stock’s 50 day moving average price is $157.40 and its 200 day moving average price is $151.69. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. On average, research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 25.89%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of recent analyst reports. Roth Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Cincinnati Financial has an average rating of “Buy” and a consensus target price of $171.67.

Cincinnati Financial Company Profile

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.