1,487 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,487 shares of the insurance provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in shares of Cincinnati Financial by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after buying an additional 7,709 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Cincinnati Financial by 40.6% during the 1st quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after purchasing an additional 48,597 shares during the last quarter. Vest Financial LLC boosted its stake in Cincinnati Financial by 14.0% during the 2nd quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after purchasing an additional 46,530 shares during the last quarter. SG Americas Securities LLC boosted its stake in Cincinnati Financial by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock valued at $5,326,000 after purchasing an additional 18,704 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Cincinnati Financial by 91.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider’s stock valued at $14,016,000 after purchasing an additional 56,686 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $141.25 on Friday. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $142.25. The business’s 50-day simple moving average is $135.86 and its two-hundred day simple moving average is $125.09. The stock has a market cap of $22.11 billion, a PE ratio of 9.40, a P/E/G ratio of 2.62 and a beta of 0.66. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $1.66 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, analysts forecast that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Analyst Ratings Changes

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm raised their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. 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 note on Thursday, October 10th. Finally, Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.29.

About Cincinnati Financial

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.