31,916 Shares in Cincinnati Financial Corporation $CINF Acquired by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC acquired 31,916 shares of Cincinnati Financial during the second quarter, worth approximately $5.9 million. Institutional investors collectively own 65.24% of the insurer’s stock.
• Cincinnati Financial reported quarterly EPS of $1.43, missing the $1.82 consensus estimate, while revenue reached $4.27 billion. Analysts expect full-year EPS of approximately $8.31.
• The company declared a quarterly dividend of $0.94 per share, equivalent to an annualized $3.76 dividend and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $195.40.

Sanctuary Advisors LLC bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,916 shares of the insurance provider's stock, valued at approximately $5,909,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bison Wealth LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider's stock worth $2,823,000 after purchasing an additional 525 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider's stock worth $83,889,000 after purchasing an additional 173,343 shares during the period. Federated Hermes Inc. acquired a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $101,000. Finally, Cerity Partners LLC boosted its stake in shares of Cincinnati Financial by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider's stock valued at $7,115,000 after purchasing an additional 4,674 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $171.21 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a fifty day moving average of $178.00 and a 200-day moving average of $168.63. The firm has a market capitalization of $26.28 billion, a P/E ratio of 8.08, a P/E/G ratio of 3.52 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period in the prior year, the company earned $1.97 earnings per share. As a group, sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio is currently 17.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Roth Capital upped their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Bank of America downgraded Cincinnati Financial from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Piper Sandler boosted their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods cut their target price on Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $195.40.

Cincinnati Financial Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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