3Chopt Investment Partners LLC Purchases 89 Shares of Cincinnati Financial Corporation $CINF

3Chopt Investment Partners LLC raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,641 shares of the insurance provider’s stock after purchasing an additional 89 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Cincinnati Financial were worth $246,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. bought a new position in shares of Cincinnati Financial during the second quarter worth about $25,000. Spire Wealth Management raised its position in shares of Cincinnati Financial by 77.6% during the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 76 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Cincinnati Financial during the first quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in shares of Cincinnati Financial during the first quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Cincinnati Financial during the first quarter worth about $32,000. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CINF shares. 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 report 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 report on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $157.25.

Cincinnati Financial Trading Down 1.7%

Shares of CINF stock opened at $158.97 on Friday. The company has a market cap of $24.86 billion, a P/E ratio of 13.79, a PEG ratio of 7.91 and a beta of 0.72. The stock has a 50 day simple moving average of $155.11 and a two-hundred day simple moving average of $148.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $166.90.

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

Cincinnati Financial Dividend Announcement

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

About Cincinnati Financial

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.