B. Riley Wealth Advisors Inc. Has $250,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

B. Riley Wealth Advisors Inc. lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 18.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,102 shares of the insurance provider’s stock after selling 483 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Cincinnati Financial were worth $250,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Cincinnati Financial in the 2nd quarter valued at approximately $29,000. Raleigh Capital Management Inc. bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the first quarter worth $47,000. Ashton Thomas Private Wealth LLC bought a new position in Cincinnati Financial in the second quarter valued at $49,000. Finally, Innealta Capital LLC acquired a new stake in Cincinnati Financial in the 2nd quarter valued at $52,000. Institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Trading Up 0.8 %

CINF stock opened at $133.88 on Wednesday. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66. The company has a fifty day moving average price of $133.47 and a two-hundred day moving average price of $123.66. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates 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 business earned $1.21 EPS. Equities analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be paid 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 2.42%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 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.