William B. Walkup & Associates Inc. Purchases New Shares in Cincinnati Financial Co. (NASDAQ:CINF)

William B. Walkup & Associates Inc. purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,909 shares of the insurance provider’s stock, valued at approximately $344,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CINF. Assetmark Inc. raised its position in Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Cincinnati Financial in the 2nd quarter valued at about $29,000. Raleigh Capital Management Inc. acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial during the 1st quarter worth about $47,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cincinnati Financial during the 2nd quarter worth about $49,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.5 %

Shares of CINF stock opened at $135.64 on Monday. The firm has a market cap of $21.24 billion, a P/E ratio of 9.02, a PEG ratio of 2.65 and a beta of 0.66. Cincinnati Financial Co. has a 1-year low of $96.86 and a 1-year high of $139.34. 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 firm’s 50-day simple moving average is $131.77 and its 200-day simple moving average is $122.93.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating 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 firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted $1.21 earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.39%. Cincinnati Financial’s payout ratio is 21.56%.

Analysts Set New Price Targets

Several research firms have issued reports on CINF. Bank of America decreased their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Finally, Roth Mkm raised 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company 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.