Cincinnati Financial Corporation $CINF Position Increased by Andra AP fonden

Andra AP fonden boosted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 99.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 108,740 shares of the insurance provider’s stock after buying an additional 54,199 shares during the quarter. Andra AP fonden’s holdings in Cincinnati Financial were worth $20,132,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. BIP Wealth LLC lifted its position in shares of Cincinnati Financial by 1.6% during the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock valued at $720,000 after acquiring an additional 63 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Cincinnati Financial by 2.1% during the second quarter. Concurrent Investment Advisors LLC now owns 3,118 shares of the insurance provider’s stock worth $577,000 after purchasing an additional 64 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Cincinnati Financial by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock worth $2,616,000 after purchasing an additional 68 shares during the period. McAdam LLC lifted its holdings in shares of Cincinnati Financial by 2.6% during the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after purchasing an additional 70 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.3%

NASDAQ:CINF traded down $0.51 during trading hours on Tuesday, hitting $166.34. 188,510 shares of the company’s stock traded hands, compared to its average volume of 742,184. The firm has a market cap of $25.53 billion, a P/E ratio of 7.85, a P/E/G ratio of 3.54 and a beta of 0.53. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average price is $174.05 and its two-hundred day moving average price is $169.39.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the business posted $1.97 earnings per share. On average, research analysts expect that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 17.74%.

Insider Buying and Selling

In related news, Director Dirk Debbink acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $171.64 per share, with a total value of $171,640.00. Following the completion of the transaction, the director owned 62,059 shares of the company’s stock, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.94% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Roth Capital raised their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, September 10th. Finally, Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.40.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

Its principal business is property and casualty insurance, including commercial coverage for businesses, workers’ compensation, commercial auto, homeowners insurance, personal auto insurance and other personal lines. The company also offers excess and surplus lines coverage for specialized or higher-risk exposures.