2,600 Shares in Cincinnati Financial Corporation $CINF Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,600 shares of the insurance provider’s stock, valued at approximately $388,000.

Several other institutional investors have also modified their holdings of the stock. Quintet Private Bank Europe S.A. bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Cincinnati Financial during the first quarter worth $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Cincinnati Financial during the first quarter worth $32,000. AlphaQuest LLC increased its position in Cincinnati Financial by 714.3% during the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Cincinnati Financial by 51.6% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 282 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 96 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $163.90 on Friday. The company has a market capitalization of $25.57 billion, a P/E ratio of 12.19, a P/E/G ratio of 4.27 and a beta of 0.69. The company’s 50-day simple moving average is $157.82 and its two-hundred day simple moving average is $152.07. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $168.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is presently 25.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Buy” and a consensus target price of $171.67.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the acquisition, the director directly owned 58,482 shares of the company’s stock, valued at $9,005,058.36. The trade was a 1.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company’s stock.

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.