Sanctuary Advisors LLC Takes $4.38 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Sanctuary Advisors LLC acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,538 shares of the insurance provider's stock, valued at approximately $4,384,000.

Several other institutional investors have also recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in shares of Cincinnati Financial during the second quarter worth about $29,000. Raleigh Capital Management Inc. acquired a new position in Cincinnati Financial in the 4th quarter valued at $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the 1st quarter worth $47,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cincinnati Financial during the second quarter worth $49,000. Finally, Innealta Capital LLC purchased a new stake in shares of Cincinnati Financial in the second quarter valued at $52,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup upgraded Cincinnati Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Finally, Bank of America cut their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $133.57.

Cincinnati Financial Stock Up 2.2 %

Shares of NASDAQ:CINF traded up $2.98 during midday trading on Friday, hitting $138.72. 432,250 shares of the company's stock traded hands, compared to its average volume of 720,536. The firm's fifty day moving average price is $133.34 and its two-hundred day moving average price is $123.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $139.34. The company has a market cap of $21.72 billion, a PE ratio of 9.23, a P/E/G ratio of 2.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly 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. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. Cincinnati Financial's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. Cincinnati Financial's dividend payout ratio (DPR) is presently 21.56%.

Cincinnati Financial 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.