Brendel Financial Advisors LLC Purchases 21,114 Shares of Cincinnati Financial Corporation $CINF

Key Points

• Brendel Financial Advisors LLC has significantly increased its holdings in Cincinnati Financial Corporation by 729.8%, owning a total of 24,007 shares, valued at $3,575,000.
• Analysts have raised their price targets for Cincinnati Financial, with Roth Capital increasing its target to $175.00 and maintaining a "buy" rating, as the company holds a consensus rating of "Moderate Buy".
• Cincinnati Financial recently declared a quarterly dividend of $0.87 per share, with an annualized dividend yield of 2.2%.

Brendel Financial Advisors LLC grew its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 729.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,007 shares of the insurance provider's stock after buying an additional 21,114 shares during the quarter. Cincinnati Financial accounts for 2.0% of Brendel Financial Advisors LLC's investment portfolio, making the stock its 14th biggest position. Brendel Financial Advisors LLC's holdings in Cincinnati Financial were worth $3,575,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Cincinnati Financial by 0.5% during the first quarter. Vanguard Group Inc. now owns 19,255,478 shares of the insurance provider's stock valued at $2,844,419,000 after buying an additional 87,773 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cincinnati Financial by 6.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider's stock valued at $940,130,000 after purchasing an additional 358,018 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Cincinnati Financial by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,848,509 shares of the insurance provider's stock valued at $273,062,000 after purchasing an additional 40,222 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Cincinnati Financial during the 1st quarter valued at about $270,005,000. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Cincinnati Financial by 4.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider's stock valued at $205,061,000 after purchasing an additional 55,487 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of CINF traded up $0.92 during mid-day trading on Tuesday, hitting $155.61. 76,376 shares of the company traded hands, compared to its average volume of 658,509. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day moving average price of $152.08 and a two-hundred day moving average price of $146.58. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 7.64 and a beta of 0.72.

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

Cincinnati Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CINF shares. Roth Capital lifted their target price on shares of 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 lifted their target price on shares of 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 company. Based on data from MarketBeat, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price of $159.40.

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.