Frazier Financial Advisors LLC Invests $112,000 in Cincinnati Financial Corporation $CINF

Frazier Financial Advisors LLC bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, Holdings Channel reports. The fund bought 750 shares of the insurance provider’s stock, valued at approximately $112,000.

Other large investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Cincinnati Financial in the second quarter valued at approximately $25,000. Spire Wealth Management raised its position in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cincinnati Financial in the first quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial during the first quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Cincinnati Financial during the first quarter valued at about $32,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CINF shares. Roth Capital boosted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average price target of $157.25.

Cincinnati Financial Trading Down 0.7%

CINF stock opened at $157.88 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 7.77 and a beta of 0.72. The business has a fifty day moving average price of $155.27 and a 200 day moving average price of $148.15. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s payout ratio is presently 30.18%.

Cincinnati Financial 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.