Vontobel Holding Ltd. Acquires 1,631 Shares of Cincinnati Financial Corporation $CINF

Key Points

• Vontobel Holding Ltd. has increased its stake in Cincinnati Financial Corporation by 71.2%, acquiring an additional 1,631 shares, bringing their total holdings to 3,922 shares valued at approximately $584,000.
• Analysts have expressed positive sentiment about Cincinnati Financial, with multiple reports raising price targets and assigning a consensus rating of "Moderate Buy" with an average price target of $157.25.
• Cincinnati Financial's recent earnings report showed an EPS of $1.97, surpassing expectations, while the company also announced a quarterly dividend of $0.87, reflecting a yield of 2.2%.

Vontobel Holding Ltd. grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 71.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,922 shares of the insurance provider's stock after purchasing an additional 1,631 shares during the period. Vontobel Holding Ltd.'s holdings in Cincinnati Financial were worth $584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Cincinnati Financial in the first quarter valued at approximately $337,000. FJ Capital Management LLC raised its position in shares of Cincinnati Financial by 97.5% in the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider's stock valued at $4,327,000 after purchasing an additional 14,464 shares during the period. M&T Bank Corp raised its position in shares of Cincinnati Financial by 12.7% in the first quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider's stock valued at $1,161,000 after purchasing an additional 887 shares during the period. CWA Asset Management Group LLC raised its position in shares of Cincinnati Financial by 4.1% in the first quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider's stock valued at $352,000 after purchasing an additional 94 shares during the period. Finally, OLD Republic International Corp raised its position in shares of Cincinnati Financial by 1.0% in the first quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider's stock valued at $58,955,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

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

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $157.88 on Tuesday. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $166.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $24.69 billion, a PE ratio of 13.69, a P/E/G ratio of 7.77 and a beta of 0.72. The company's 50 day simple moving average is $155.27 and its two-hundred day simple moving average is $148.15.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its 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. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the company posted $1.29 EPS. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be issued 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 dividend yield of 2.2%. Cincinnati Financial's dividend payout ratio is presently 30.18%.

About Cincinnati Financial

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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