Total Wealth Planning & Management Inc. Takes Position in Cincinnati Financial Corporation $CINF

Total Wealth Planning & Management Inc. acquired a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 19,300 shares of the insurance provider’s stock, valued at approximately $2,874,000. Cincinnati Financial accounts for about 2.2% of Total Wealth Planning & Management Inc.’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CINF. Bison Wealth LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at $210,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Cincinnati Financial during the 1st quarter valued at $248,000. Farther Finance Advisors LLC lifted its holdings in shares of Cincinnati Financial by 15.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the insurance provider’s stock valued at $483,000 after purchasing an additional 450 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Cincinnati Financial by 5.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 3,475 shares of the insurance provider’s stock valued at $513,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Cincinnati Financial by 7.0% in the 1st quarter. GAMMA Investing LLC now owns 5,524 shares of the insurance provider’s stock worth $816,000 after acquiring an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 2.3%

Shares of CINF opened at $161.68 on Friday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $25.28 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 8.09 and a beta of 0.72. The stock’s 50-day moving average price is $154.85 and its 200-day moving average price is $147.96.

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

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is 30.18%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Capital raised their target price on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.25.

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.