MCF Advisors LLC Has $4.22 Million Stake in Cincinnati Financial Corporation $CINF

Key Points

• MCF Advisors increased its Cincinnati Financial stake by 69.5% in the second quarter, bringing its holdings to 22,772 shares valued at approximately $4.22 million. Institutional investors collectively own 65.24% of the company.
• Analysts maintain a generally positive outlook, with Cincinnati Financial carrying a consensus “Moderate Buy” rating and an average price target of $195.40. Individual targets range from $190 to $200.
• Cincinnati Financial reported quarterly EPS of $1.43, below the $1.82 consensus estimate, while announcing a quarterly dividend of $0.94 per share, or $3.76 annualized, yielding about 2.2%.

MCF Advisors LLC increased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 69.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,772 shares of the insurance provider's stock after purchasing an additional 9,335 shares during the quarter. MCF Advisors LLC's holdings in Cincinnati Financial were worth $4,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new position in Cincinnati Financial in the 2nd quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at $29,000. Covestor Ltd boosted its holdings in Cincinnati Financial by 98.8% in the second quarter. Covestor Ltd now owns 167 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Cincinnati Financial in the first quarter worth about $34,000. Finally, DV Equities LLC bought a new stake in Cincinnati Financial during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

CINF has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a report on Wednesday, July 15th. Bank of America cut shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Roth Capital lifted their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $195.40.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk Debbink bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the acquisition, the director owned 62,059 shares of the company's stock, valued at approximately $10,651,806.76. The trade was a 1.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.94% of the company's stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $169.21 on Thursday. Cincinnati Financial Corporation has a 12 month low of $150.00 and a 12 month high of $194.81. The company's fifty day simple moving average is $176.49 and its 200-day simple moving average is $169.09. The firm has a market cap of $25.97 billion, a PE ratio of 7.98, a P/E/G ratio of 3.54 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

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

Cincinnati Financial Announces Dividend

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

Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers' compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.

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