Kinloch Capital LLC Buys Shares of 25,597 Cincinnati Financial Corporation $CINF

Key Points

• Kinloch Capital acquired 25,597 Cincinnati Financial shares in the second quarter, valued at approximately $4.74 million and representing 1.7% of its portfolio. Institutional investors collectively own 65.24% of the company.
• Analysts maintain a generally positive outlook, with Cincinnati Financial holding a consensus “Moderate Buy” rating and an average price target of $195.40, despite some recent downgrades and target reductions.
• Cincinnati Financial reported quarterly EPS of $1.43, below the $1.82 consensus estimate, while announcing a quarterly dividend of $0.94 per share, equivalent to a 2.2% annualized yield.

Kinloch Capital LLC bought a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,597 shares of the insurance provider's stock, valued at approximately $4,739,000. Cincinnati Financial accounts for about 1.7% of Kinloch Capital LLC's portfolio, making the stock its 25th largest holding.

Several other large investors also recently modified their holdings of the stock. Keating Financial Advisory Services Inc. purchased a new position in Cincinnati Financial in the second quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new position in Cincinnati Financial during the fourth quarter valued at $29,000. Covestor Ltd increased its position in Cincinnati Financial by 98.8% in the second quarter. Covestor Ltd now owns 167 shares of the insurance provider's stock worth $31,000 after buying an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Cincinnati Financial in the first quarter worth $34,000. Finally, DV Equities LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of recent research reports. Roth Capital upped their price target on Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating for the company in a report on Wednesday, August 5th. Weiss Ratings cut Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a research note on Friday. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a report on Wednesday, July 15th. Finally, Bank of America lowered shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and cut their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.40.

Cincinnati Financial Trading Up 1.7%

Shares of CINF stock opened at $171.21 on Tuesday. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 3.52 and a beta of 0.54. The company's fifty day simple moving average is $178.00 and its two-hundred day simple moving average is $168.63. Cincinnati Financial Corporation has a 1 year low of $150.00 and a 1 year high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same period in the previous year, the business earned $1.97 earnings per share. As a group, analysts anticipate that Cincinnati Financial Corporation will post 8.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be paid a $0.94 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial's dividend payout ratio (DPR) is currently 17.74%.

Cincinnati Financial Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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