Paces Ferry Wealth Advisors LLC Makes New $254,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Paces Ferry Wealth Advisors LLC bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,153 shares of the insurance provider’s stock, valued at approximately $254,000.

Several other large investors have also modified their holdings of the stock. iA Global Asset Management Inc. boosted its holdings in shares of Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after buying an additional 95 shares in the last quarter. Argent Trust Co boosted its holdings in shares of Cincinnati Financial by 5.0% in the 2nd quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock valued at $237,000 after buying an additional 95 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Cincinnati Financial by 9.4% in the 4th quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock valued at $144,000 after buying an additional 119 shares in the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of Cincinnati Financial by 6.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after buying an additional 126 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Cincinnati Financial by 0.5% in the 1st quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock valued at $3,430,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.1 %

Shares of Cincinnati Financial stock opened at $136.30 on Thursday. The company has a market cap of $21.34 billion, a P/E ratio of 9.07, a PEG ratio of 2.60 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34. The firm has a fifty day moving average of $130.12 and a two-hundred day moving average of $121.95.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. Cincinnati Financial’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.38%. Cincinnati Financial’s payout ratio is currently 21.56%.

Analyst Ratings Changes

CINF has been the subject of several research analyst reports. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $135.00 in a report on Friday, June 28th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm increased their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America decreased their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $133.57.

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.