Guardian Wealth Advisors LLC Sells 93 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Guardian Wealth Advisors LLC cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,537 shares of the insurance provider’s stock after selling 93 shares during the quarter. Cincinnati Financial accounts for about 0.6% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 20th largest position. Guardian Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at about $179,305,000. Balyasny Asset Management L.P. grew its holdings in Cincinnati Financial by 36.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,861 shares of the insurance provider’s stock worth $70,338,000 after acquiring an additional 180,355 shares during the last quarter. Natixis acquired a new position in Cincinnati Financial in the 1st quarter valued at approximately $22,053,000. Bank of Nova Scotia raised its stake in shares of Cincinnati Financial by 375.8% during the fourth quarter. Bank of Nova Scotia now owns 164,455 shares of the insurance provider’s stock valued at $17,014,000 after acquiring an additional 129,889 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of Cincinnati Financial by 10.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CINF shares. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Bank of America dropped their price target on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Roth Mkm raised their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.57.

Cincinnati Financial Stock Performance

Shares of CINF opened at $135.82 on Friday. The stock has a 50 day moving average of $128.98 and a 200 day moving average of $121.41. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12 month low of $96.86 and a 12 month high of $139.34. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 2.60 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.39%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

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.