Focus Partners Advisor Solutions LLC Buys 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 purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,805 shares of the insurance provider's stock, valued at approximately $562,000.

Several other large investors also recently made changes to their positions in CINF. GQG Partners LLC acquired a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $270,005,000. GAMMA Investing LLC increased its stake in shares of Cincinnati Financial by 15,698.7% during the first quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider's stock valued at $120,540,000 after acquiring an additional 810,840 shares during the period. Raymond James Financial Inc. increased its stake in shares of Cincinnati Financial by 558.8% during the first quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider's stock valued at $79,909,000 after acquiring an additional 458,841 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 valued at $940,130,000 after acquiring an additional 358,018 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Cincinnati Financial during the first quarter valued at approximately $47,070,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $2.23 during mid-day trading on Friday, hitting $153.36. The company's stock had a trading volume of 333,269 shares, compared to its average volume of 416,993. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $23.98 billion, a P/E ratio of 13.30, a P/E/G ratio of 7.51 and a beta of 0.72. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $161.74. The stock's fifty day moving average price is $150.53 and its two-hundred day moving average price is $145.58.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. Research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is currently 30.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CINF. Roth Capital raised their price objective 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 raised their price objective 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $159.40.

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.