Paces Ferry Wealth Advisors LLC Takes $254,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Paces Ferry Wealth Advisors LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the second quarter, Holdings Channel.com reports. The fund purchased 2,153 shares of the insurance provider’s stock, valued at approximately $254,000.

A number of other large investors have also made changes to their positions in the stock. iA Global Asset Management Inc. increased its holdings in shares of Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after purchasing an additional 95 shares in the last quarter. Argent Trust Co grew its stake in Cincinnati Financial by 5.0% in the 2nd quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 95 shares during the last quarter. Trust Co. of Vermont grew its stake in Cincinnati Financial by 9.4% in the 4th quarter. Trust Co. of Vermont now owns 1,389 shares of the insurance provider’s stock valued at $144,000 after acquiring an additional 119 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in Cincinnati Financial by 6.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 126 shares during the last quarter. Finally, Czech National Bank grew its stake in Cincinnati Financial by 0.5% in the 1st quarter. Czech National Bank now owns 27,624 shares of the insurance provider’s stock valued at $3,430,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $136.30 on Thursday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. The stock has a market capitalization of $21.34 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.60 and a beta of 0.66. The firm’s 50-day moving average is $130.12 and its two-hundred day moving average is $121.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

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

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be given a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CINF shares. Roth Mkm increased their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective 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. Bank of America lowered their price objective on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy 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 target price of $133.57.

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.