Advanced Asset Management Advisors Inc Takes $245,000 Position in Cincinnati Financial Corporation $CINF

Key Points

• Advanced Asset Management Advisors Inc has acquired a new stake in Cincinnati Financial Corporation, purchasing 1,644 shares valued at approximately $245,000.
• Wall Street analysts have generally favorable views on Cincinnati Financial, with a consensus rating of "Moderate Buy" and a price target of $159.40.
• Cincinnati Financial recently announced a quarterly dividend of $0.87 per share, which will be paid on October 15th, representing an annualized yield of 2.1%.

Advanced Asset Management Advisors Inc bought a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,644 shares of the insurance provider's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Copperwynd Financial LLC boosted its position in shares of Cincinnati Financial by 6.7% during the 2nd quarter. Copperwynd Financial LLC now owns 1,711 shares of the insurance provider's stock valued at $255,000 after acquiring an additional 108 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Cincinnati Financial by 71.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 3,922 shares of the insurance provider's stock valued at $584,000 after acquiring an additional 1,631 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Cincinnati Financial by 4.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 7,487 shares of the insurance provider's stock valued at $1,115,000 after acquiring an additional 331 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Cincinnati Financial by 1.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 6,336 shares of the insurance provider's stock valued at $944,000 after acquiring an additional 113 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of Cincinnati Financial by 7.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,292 shares of the insurance provider's stock valued at $490,000 after acquiring an additional 235 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CINF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Cincinnati Financial in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Roth Capital increased their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $165.55 on Thursday. The stock's fifty day moving average is $154.57 and its two-hundred day moving average is $147.85. The company has a market capitalization of $25.89 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 8.10 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90.

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

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio is 30.18%.

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.

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