3,400 Shares in Cincinnati Financial Corporation $CINF Acquired by American National Bank & Trust

Key Points

• American National Bank & Trust acquired 3,400 shares of Cincinnati Financial Corporation (CINF) valued at approximately $506,000 during the second quarter.
• Analysts have upgraded CINF's price target, with Roth Capital raising it from $160.00 to $175.00, indicating a growing confidence in the stock.
• The company recently announced a quarterly dividend of $0.87 per share, representing a yield of 2.2% and scheduled for payment on October 15th.

American National Bank & Trust bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,400 shares of the insurance provider's stock, valued at approximately $506,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in Cincinnati Financial in the first quarter valued at approximately $337,000. FJ Capital Management LLC lifted its stake in Cincinnati Financial by 97.5% in the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider's stock valued at $4,327,000 after buying an additional 14,464 shares during the last quarter. M&T Bank Corp lifted its stake in Cincinnati Financial by 12.7% in the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock valued at $1,161,000 after buying an additional 887 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after buying an additional 94 shares during the last quarter. Finally, OLD Republic International Corp lifted its stake in Cincinnati Financial by 1.0% in the first quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock valued at $58,955,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CINF shares. Roth Capital boosted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.40.

Cincinnati Financial Trading Up 1.6%

NASDAQ:CINF opened at $156.90 on Friday. The stock's 50 day simple moving average is $152.62 and its 200-day simple moving average is $146.92. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $161.74. The firm has a market cap of $24.54 billion, a P/E ratio of 13.61, a PEG ratio of 7.56 and a beta of 0.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. Cincinnati Financial's quarterly revenue was up 15.5% on a year-over-year basis. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio is currently 30.18%.

Cincinnati Financial 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.

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