Vanguard Personalized Indexing Management LLC Has $2.72 Million Holdings in Cincinnati Financial Corporation $CINF

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Cincinnati Financial Corporation by 11.0% in Q2, now owning 18,228 shares valued at approximately $2.72 million.
• Cincinnati Financial reported a Q2 earnings per share of $1.97, exceeding expectations of $1.39, with revenues of $2.48 billion.
• The company recently declared a quarterly dividend of $0.87, representing an annualized dividend of $3.48 and a yield of 2.2%.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,228 shares of the insurance provider's stock after acquiring an additional 1,805 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Cincinnati Financial were worth $2,715,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new stake in Cincinnati Financial during the 2nd quarter worth about $25,000. Spire Wealth Management boosted its position in Cincinnati Financial by 77.6% during the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock worth $26,000 after acquiring an additional 76 shares during the period. Meeder Asset Management Inc. acquired a new stake in Cincinnati Financial during the 1st quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in Cincinnati Financial during the 1st quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial during the 1st quarter worth about $32,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.5%

Shares of CINF stock opened at $156.35 on Thursday. The stock's 50 day simple moving average is $155.48 and its 200 day simple moving average is $148.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $166.90. The company has a market capitalization of $24.45 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 7.57 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the business earned $1.29 EPS. The firm's revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial's dividend payout ratio (DPR) is presently 30.18%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Roth Capital lifted their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.25.

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.

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