Future Financial Wealth Managment LLC Acquires New Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 215 shares of the insurance provider’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its position in Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after acquiring an additional 7,709 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Cincinnati Financial by 40.6% during the first quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after acquiring an additional 48,597 shares during the last quarter. United Advisor Group LLC bought a new stake in Cincinnati Financial during the fourth quarter valued at $888,000. Vest Financial LLC boosted its position in Cincinnati Financial by 14.0% during the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after acquiring an additional 46,530 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Cincinnati Financial by 77.3% during the first quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock valued at $5,326,000 after acquiring an additional 18,704 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.2 %

CINF opened at $135.01 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a fifty-two week low of $96.86 and a fifty-two week high of $139.34. The firm has a market capitalization of $21.14 billion, a PE ratio of 8.98, a P/E/G ratio of 2.65 and a beta of 0.66. The company’s 50-day moving average is $133.62 and its 200 day moving average is $123.85.

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

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th will be issued a $0.81 dividend. 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 2.40%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Roth Mkm upped their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $136.29.

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.