Golden State Equity Partners Has $460,000 Stock Position in Cincinnati Financial Corporation $CINF

Golden State Equity Partners decreased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,089 shares of the insurance provider’s stock after selling 182 shares during the period. Golden State Equity Partners’ holdings in Cincinnati Financial were worth $460,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CINF. Bison Wealth LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth $210,000. Two Sigma Advisers LP boosted its holdings in shares of Cincinnati Financial by 29.4% during the 4th quarter. Two Sigma Advisers LP now owns 2,200 shares of the insurance provider’s stock worth $316,000 after buying an additional 500 shares during the period. Vise Technologies Inc. bought a new stake in shares of Cincinnati Financial during the 4th quarter worth $238,000. Toronto Dominion Bank boosted its holdings in shares of Cincinnati Financial by 8.0% during the 4th quarter. Toronto Dominion Bank now owns 83,636 shares of the insurance provider’s stock worth $12,018,000 after buying an additional 6,218 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Cincinnati Financial by 55.1% during the 4th quarter. Mackenzie Financial Corp now owns 55,338 shares of the insurance provider’s stock worth $7,952,000 after buying an additional 19,653 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CINF. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Roth Capital upped their price objective on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average target price of $159.40.

Cincinnati Financial Stock Down 0.2%

Shares of NASDAQ CINF opened at $154.44 on Wednesday. The firm has a market capitalization of $24.15 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 7.57 and a beta of 0.72. 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 firm’s 50-day moving average is $152.26 and its 200-day moving average is $146.64.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.58. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. Cincinnati Financial had a net margin of 15.59% and a return on equity of 7.14%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. Equities analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 22nd will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

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.