2,282 Shares in Cincinnati Financial Corporation $CINF Acquired by Ashton Thomas Securities LLC

Key Points

• Ashton Thomas Securities LLC has acquired a new stake in Cincinnati Financial Corporation, purchasing 2,282 shares valued at approximately $337,000.
• The insurance provider reported an earnings per share (EPS) of $1.97 for the last quarter, exceeding analyst estimates of $1.39.
• Cincinnati Financial announced a quarterly dividend of $0.87 per share, with an annualized yield of 2.3%, payable on October 15th.

Ashton Thomas Securities LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,282 shares of the insurance provider's stock, valued at approximately $337,000.

A number of other hedge funds have also modified their holdings of CINF. Spire Wealth Management grew its holdings in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after buying an additional 76 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cincinnati Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in shares of Cincinnati Financial during the first quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Cincinnati Financial during the first quarter worth about $32,000. Finally, GoalVest Advisory LLC grew its holdings in shares of Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CINF shares. Roth Capital increased their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price target 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average target price of $159.40.

Cincinnati Financial Stock Down 1.4%

CINF stock traded down $2.23 during mid-day trading on Friday, reaching $153.36. The company had a trading volume of 333,269 shares, compared to its average volume of 416,993. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $161.74. The stock has a 50 day simple moving average of $150.53 and a two-hundred day simple moving average of $145.58. The company has a market capitalization of $23.98 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 7.51 and a beta of 0.72.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, September 22nd. Cincinnati Financial's payout ratio is currently 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.