Sequoia Financial Advisors LLC Acquires 102 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Sequoia Financial Advisors LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,726 shares of the insurance provider’s stock after acquiring an additional 102 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CINF. Venture Visionary Partners LLC boosted its holdings in Cincinnati Financial by 0.5% in the 3rd quarter. Venture Visionary Partners LLC now owns 18,329 shares of the insurance provider’s stock worth $2,495,000 after buying an additional 97 shares during the period. Vest Financial LLC boosted its holdings in Cincinnati Financial by 10.4% in the 3rd quarter. Vest Financial LLC now owns 418,066 shares of the insurance provider’s stock worth $56,907,000 after buying an additional 39,349 shares during the period. Cyndeo Wealth Partners LLC bought a new position in Cincinnati Financial in the 3rd quarter worth $246,000. Raymond James & Associates boosted its holdings in Cincinnati Financial by 20.0% in the 3rd quarter. Raymond James & Associates now owns 61,228 shares of the insurance provider’s stock worth $8,334,000 after buying an additional 10,208 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Cincinnati Financial by 83.5% in the 3rd quarter. Blue Trust Inc. now owns 10,499 shares of the insurance provider’s stock worth $1,429,000 after buying an additional 4,779 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 2.3 %

Shares of NASDAQ CINF opened at $144.49 on Tuesday. The firm’s 50-day moving average price is $136.33 and its 200-day moving average price is $125.47. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 12-month low of $97.72 and a 12-month high of $144.82.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

Wall Street Analyst Weigh In

CINF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Roth Mkm increased their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.29.

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.