RFG Advisory LLC Invests $202,000 in Cincinnati Financial Co. (NASDAQ:CINF)

RFG Advisory LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,625 shares of the insurance provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. UBS Group AG boosted its position in Cincinnati Financial by 15.4% during the 4th quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock valued at $36,123,000 after acquiring an additional 46,595 shares in the last quarter. United Advisor Group LLC purchased a new stake in Cincinnati Financial during the 4th quarter valued at about $888,000. Norges Bank acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth about $179,305,000. Teacher Retirement System of Texas boosted its position in Cincinnati Financial by 61.5% in the fourth quarter. Teacher Retirement System of Texas now owns 160,543 shares of the insurance provider’s stock valued at $16,610,000 after buying an additional 61,136 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Cincinnati Financial during the 4th quarter worth approximately $21,036,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.8 %

NASDAQ:CINF opened at $114.94 on Thursday. The stock has a fifty day simple moving average of $116.53 and a 200-day simple moving average of $113.67. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company has a market capitalization of $18.00 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities research analysts expect that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the acquisition, the director now owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

CINF has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Citigroup upped their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler restated a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $126.00.

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.