Northwestern Mutual Wealth Management Co. Acquires 80 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,445 shares of the insurance provider’s stock after purchasing an additional 80 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cincinnati Financial were worth $761,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of Cincinnati Financial during the second quarter valued at approximately $29,000. Raleigh Capital Management Inc. purchased a new stake in Cincinnati Financial in the 4th quarter worth $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial during the 1st quarter valued at about $47,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Cincinnati Financial during the second quarter valued at about $49,000. Finally, Innealta Capital LLC purchased a new position in shares of Cincinnati Financial during the second quarter valued at about $52,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Bank of America lowered their target price on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Roth Mkm upped their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $133.57.

Cincinnati Financial Trading Down 4.2 %

CINF stock opened at $132.86 on Tuesday. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $139.34. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is $133.34 and its two-hundred day simple moving average is $123.56.

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

Cincinnati Financial Dividend Announcement

The firm 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 $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

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.