Sanctuary Advisors LLC Invests $4.38 Million in Cincinnati Financial Co. (NASDAQ:CINF)

Sanctuary Advisors LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 39,538 shares of the insurance provider’s stock, valued at approximately $4,384,000.

A number of other institutional investors have also recently modified their holdings of CINF. State Board of Administration of Florida Retirement System lifted its holdings in Cincinnati Financial by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after acquiring an additional 7,709 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Cincinnati Financial by 40.6% in the 1st quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after purchasing an additional 48,597 shares in the last quarter. United Advisor Group LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $888,000. Vest Financial LLC lifted its stake in shares of Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after purchasing an additional 46,530 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Cincinnati Financial by 77.3% during the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock worth $5,326,000 after buying an additional 18,704 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $138.72 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The business’s fifty day moving average price is $133.34 and its two-hundred day moving average price is $123.53. The stock has a market cap of $21.72 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34.

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

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued 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 dividend yield of 2.34%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CINF shares. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Bank of America reduced their price objective on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Roth Mkm raised their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three investment 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 a consensus price target of $133.57.

About Cincinnati Financial

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.