Bellwether Advisors LLC Invests $4.08 Million in Cincinnati Financial Corporation $CINF

Bellwether Advisors LLC acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,956 shares of the insurance provider’s stock, valued at approximately $4,084,000.

A number of other institutional investors also recently modified their holdings of CINF. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial in the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at about $29,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the first quarter valued at about $34,000. DV Equities LLC bought a new position in shares of Cincinnati Financial during the 4th quarter worth about $36,000. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of research analyst reports. Bank of America decreased their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Roth Capital raised their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $201.00 target price (up from $191.00) on shares of Cincinnati Financial in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average target price of $192.40.

Cincinnati Financial Trading Up 0.1%

CINF opened at $180.51 on Wednesday. Cincinnati Financial Corporation has a fifty-two week low of $143.87 and a fifty-two week high of $194.81. The firm has a market capitalization of $27.92 billion, a PE ratio of 10.32, a P/E/G ratio of 3.69 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50-day moving average is $172.64 and its 200 day moving average is $166.21.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the firm posted ($0.24) EPS. Cincinnati Financial’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Corporation will post 8.76 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were issued a $0.94 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.