Vest Financial LLC Has $56.91 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Vest Financial LLC lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 10.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 418,066 shares of the insurance provider's stock after purchasing an additional 39,349 shares during the period. Cincinnati Financial accounts for approximately 1.1% of Vest Financial LLC's portfolio, making the stock its 14th biggest holding. Vest Financial LLC owned 0.27% of Cincinnati Financial worth $56,907,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth $25,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial in the third quarter valued at about $29,000. Massmutual Trust Co. FSB ADV grew its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock worth $33,000 after buying an additional 80 shares in the last quarter. USA Financial Formulas bought a new position in Cincinnati Financial during the third quarter valued at about $33,000. Finally, Rothschild Investment LLC acquired a new position in Cincinnati Financial in the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded up $0.10 during mid-day trading on Friday, reaching $141.40. 625,616 shares of the stock were exchanged, compared to its average volume of 712,578. Cincinnati Financial Co. has a fifty-two week low of $96.86 and a fifty-two week high of $141.83. The company has a market cap of $22.14 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The firm has a 50-day simple moving average of $135.05 and a 200 day simple moving average of $124.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.33. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. On average, sell-side analysts predict 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 was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.29%. Cincinnati Financial's payout ratio is 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of several recent research reports. Bank of America lifted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target 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. Roth Mkm raised their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Citigroup raised shares of Cincinnati Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $136.29.

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.