Focus Partners Advisor Solutions LLC Purchases Shares of 3,805 Cincinnati Financial Corporation $CINF

Key Points

• Focus Partners Advisor Solutions LLC made a new investment in Cincinnati Financial Corporation, acquiring 3,805 shares valued at approximately $562,000 in the first quarter of the year.
• Wall Street analysts have a generally positive outlook on Cincinnati Financial, with an average rating of "Moderate Buy" and a price target increase to $168.00 from Keefe, Bruyette & Woods.
• Cincinnati Financial recently reported a quarterly earnings per share (EPS) of $1.97, significantly exceeding analysts' expectations of $1.39, marking a 15.5% increase in revenue year-over-year.

Focus Partners Advisor Solutions LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,805 shares of the insurance provider's stock, valued at approximately $562,000.

Several other large investors also recently bought and sold shares of the company. FJ Capital Management LLC increased its stake in Cincinnati Financial by 97.5% during the 1st quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider's stock worth $4,327,000 after buying an additional 14,464 shares in the last quarter. Flputnam Investment Management Co. grew its position in shares of Cincinnati Financial by 3.1% in the first quarter. Flputnam Investment Management Co. now owns 24,199 shares of the insurance provider's stock valued at $3,575,000 after purchasing an additional 732 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Cincinnati Financial by 1.4% in the first quarter. Baird Financial Group Inc. now owns 98,515 shares of the insurance provider's stock valued at $14,553,000 after purchasing an additional 1,405 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $32,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Cincinnati Financial by 12.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 18,027 shares of the insurance provider's stock valued at $2,663,000 after purchasing an additional 1,988 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 1.5%

Shares of NASDAQ CINF traded down $2.25 during mid-day trading on Wednesday, hitting $151.45. The company had a trading volume of 58,936 shares, compared to its average volume of 665,426. The company has a market capitalization of $23.68 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 7.51 and a beta of 0.72. 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 1-year low of $123.01 and a 1-year high of $161.74. The business's 50-day simple moving average is $150.71 and its 200 day simple moving average is $145.76.

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 (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. On average, analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be paid a $0.87 dividend. 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 dividend payout ratio (DPR) is presently 30.18%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CINF. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Roth Capital increased their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.