Cincinnati Financial Corporation $CINF Shares Sold by Octavia Wealth Advisors LLC

Key Points

• Octavia Wealth Advisors LLC reduced its stake in Cincinnati Financial Corporation by 52.1% in Q2, holding 6,048 shares valued at around $906,000 after selling 6,583 shares.
• The company reported $1.97 EPS for the last quarter, beating expectations of $1.39, with a revenue of $2.48 billion, reflecting a 15.5% year-over-year increase.
• Cincinnati Financial declared a quarterly dividend of $0.87 per share, with a 2.3% yield, and an ex-dividend date set for September 22nd.

Octavia Wealth Advisors LLC lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 52.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,048 shares of the insurance provider's stock after selling 6,583 shares during the quarter. Octavia Wealth Advisors LLC's holdings in Cincinnati Financial were worth $906,000 at the end of the most recent reporting period.

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

Cincinnati Financial Stock Up 0.1%

CINF opened at $154.52 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $161.74. The company has a fifty day moving average of $152.39 and a two-hundred day moving average of $146.69. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 7.56 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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. 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 for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.29 earnings per share. Cincinnati Financial's quarterly revenue was up 15.5% compared to the same quarter last year. On average, research 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 issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analysts Forecast Growth

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

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