Jaffetilchin Investment Partners LLC Purchases New Shares in Cincinnati Financial Corporation (NASDAQ:CINF)

Jaffetilchin Investment Partners LLC bought a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,486 shares of the insurance provider's stock, valued at approximately $515,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its position in shares of Cincinnati Financial by 3.1% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 118,195 shares of the insurance provider's stock valued at $17,563,000 after acquiring an additional 3,574 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Cincinnati Financial by 9.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 97,436 shares of the insurance provider's stock valued at $14,393,000 after purchasing an additional 8,445 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Cincinnati Financial by 14.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,391 shares of the insurance provider's stock valued at $501,000 after purchasing an additional 434 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Cincinnati Financial during the 1st quarter worth about $30,000. Finally, 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. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CINF. Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $150.50.

Cincinnati Financial Trading Up 0.3%

Shares of CINF traded up $0.46 during mid-day trading on Tuesday, hitting $149.38. The company had a trading volume of 541,701 shares, compared to its average volume of 656,378. Cincinnati Financial Corporation has a 1-year low of $114.75 and a 1-year high of $161.75. The business's 50-day simple moving average is $145.77 and its 200-day simple moving average is $142.04. The stock has a market cap of $23.35 billion, a PE ratio of 16.29, a P/E/G ratio of 9.71 and a beta of 0.78. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. Cincinnati Financial's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $1.72 EPS. Sell-side analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

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.