United Capital Financial Advisors LLC Acquires Shares of 4,187 Cincinnati Financial Corporation $CINF

United Capital Financial Advisors LLC acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,187 shares of the insurance provider’s stock, valued at approximately $775,000.

A number of other institutional investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in Cincinnati Financial during the 2nd quarter valued at approximately $27,000. Covestor Ltd grew its position 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. Motiv8 Investments LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Cincinnati Financial during the first quarter valued at approximately $34,000. Finally, DV Equities LLC purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $36,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This represents a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.94% of the company’s stock.

Cincinnati Financial Stock Performance

CINF stock opened at $171.97 on Monday. The stock has a market capitalization of $26.39 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a 12-month low of $150.00 and a 12-month high of $194.81. The stock’s 50 day simple moving average is $178.09 and its 200 day simple moving average is $168.68.

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

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 17.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CINF. Bank of America lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Piper Sandler lifted their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Roth Capital boosted their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.40.

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.