Cincinnati Financial Corporation $CINF Stock Holdings Boosted by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 729.8% in the second quarter, HoldingsChannel.com reports. The firm owned 24,007 shares of the insurance provider’s stock after buying an additional 21,114 shares during the period. Cincinnati Financial comprises about 2.0% of Brendel Financial Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Brendel Financial Advisors LLC’s holdings in Cincinnati Financial were worth $3,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Cincinnati Financial during the 1st quarter valued at $337,000. FJ Capital Management LLC boosted its stake in shares of Cincinnati Financial by 97.5% during the 1st quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock worth $4,327,000 after acquiring an additional 14,464 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Cincinnati Financial by 12.7% during the 1st quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider’s stock worth $1,161,000 after acquiring an additional 887 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock worth $352,000 after acquiring an additional 94 shares in the last quarter. Finally, OLD Republic International Corp boosted its stake in shares of Cincinnati Financial by 1.0% during the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider’s stock worth $58,955,000 after acquiring an additional 4,000 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the subject of several research reports. Roth Capital raised their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods raised their price objective on 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $156.11 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $161.74. The business has a fifty day simple moving average of $151.98 and a 200 day simple moving average of $146.42. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 7.63 and a beta of 0.72.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial’s dividend payout ratio is presently 30.18%.

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.