Claro Advisors LLC Takes $919,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Claro Advisors LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 6,749 shares of the insurance provider’s stock, valued at approximately $919,000.

Several other large investors have also recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $25,000. Rothschild Investment LLC bought a new position in Cincinnati Financial in the second quarter valued at about $29,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the third quarter worth about $29,000. Massmutual Trust Co. FSB ADV raised its holdings in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in Cincinnati Financial during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

CINF opened at $141.40 on Friday. The company has a fifty day simple moving average of $135.05 and a 200 day simple moving average of $124.60. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market cap of $22.14 billion, a P/E ratio of 9.41, a P/E/G ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 12 month low of $96.86 and a 12 month high of $141.83.

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

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 21.56%.

Analyst Ratings Changes

CINF has been the subject of a number of recent research reports. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Roth Mkm upped their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.