Astoria Portfolio Advisors LLC. Buys Shares of 1,374 Cincinnati Financial Corporation $CINF

Astoria Portfolio Advisors LLC. bought a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,374 shares of the insurance provider’s stock, valued at approximately $203,000.

Other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Cincinnati Financial in the second quarter worth $25,000. Spire Wealth Management raised its holdings in shares of Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock worth $26,000 after buying an additional 76 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the first quarter worth $26,000. Alpine Bank Wealth Management purchased a new position in shares of Cincinnati Financial in the first quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Cincinnati Financial in the first quarter worth $32,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Finally, Roth Capital raised their target price on shares of Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.25.

Cincinnati Financial Stock Down 0.7%

Shares of NASDAQ CINF opened at $157.88 on Tuesday. The company’s 50-day simple moving average is $155.27 and its 200-day simple moving average is $148.15. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $166.90. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 7.77 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 2.2%. Cincinnati Financial’s payout ratio is presently 30.18%.

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.