PFG Investments LLC Invests $433,000 in Cincinnati Financial Co. (NASDAQ:CINF)

PFG Investments LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,667 shares of the insurance provider’s stock, valued at approximately $433,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in shares of Cincinnati Financial by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after acquiring an additional 7,709 shares during the last quarter. UBS Group AG raised its position in Cincinnati Financial by 15.4% in the 4th quarter. UBS Group AG now owns 349,153 shares of the insurance provider’s stock worth $36,123,000 after purchasing an additional 46,595 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Cincinnati Financial by 40.6% during the 1st quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock worth $20,904,000 after buying an additional 48,597 shares in the last quarter. United Advisor Group LLC bought a new position in Cincinnati Financial in the 4th quarter valued at $888,000. Finally, Norges Bank acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at $179,305,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.9 %

Shares of NASDAQ:CINF opened at $135.12 on Friday. The company has a 50 day moving average price of $128.58 and a two-hundred day moving average price of $121.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $21.15 billion, a PE ratio of 8.99, a PEG ratio of 2.63 and a beta of 0.66. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $139.34.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of several research reports. Bank of America cut their price target on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm boosted their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.57.

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.