Regal Investment Advisors LLC Has $4.36 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Regal Investment Advisors LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 17.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 36,947 shares of the insurance provider’s stock after buying an additional 5,503 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cincinnati Financial were worth $4,363,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after acquiring an additional 187,934 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Cincinnati Financial by 36.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,861 shares of the insurance provider’s stock valued at $70,338,000 after acquiring an additional 180,355 shares during the period. Natixis bought a new position in shares of Cincinnati Financial in the 1st quarter valued at about $22,053,000. Finally, Bank of Nova Scotia increased its stake in shares of Cincinnati Financial by 375.8% during the 4th quarter. Bank of Nova Scotia now owns 164,455 shares of the insurance provider’s stock worth $17,014,000 after purchasing an additional 129,889 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Performance

CINF opened at $135.64 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day simple moving average of $131.77 and a 200 day simple moving average of $122.93. Cincinnati Financial Co. has a 1 year low of $96.86 and a 1 year high of $139.34. The company has a market capitalization of $21.24 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 2.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the business posted $1.21 earnings per share. Cincinnati Financial’s quarterly revenue was up 11.4% on a year-over-year basis. Research analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.39%. Cincinnati Financial’s payout ratio is presently 21.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CINF. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Roth Mkm lifted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America dropped 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.