Beverly Hills Private Wealth LLC Has $1.55 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Beverly Hills Private Wealth LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,158 shares of the insurance provider’s stock after selling 129 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Cincinnati Financial were worth $1,554,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CINF. Private Advisor Group LLC raised its position in shares of Cincinnati Financial by 338.2% in the fourth quarter. Private Advisor Group LLC now owns 9,500 shares of the insurance provider’s stock valued at $983,000 after purchasing an additional 13,489 shares during the period. Apollon Wealth Management LLC bought a new position in Cincinnati Financial in the 4th quarter worth $209,000. Principal Securities Inc. acquired a new position in Cincinnati Financial during the 4th quarter worth $55,000. BNP Paribas Financial Markets boosted its holdings in Cincinnati Financial by 76.3% during the fourth quarter. BNP Paribas Financial Markets now owns 119,754 shares of the insurance provider’s stock valued at $12,390,000 after acquiring an additional 51,830 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Cincinnati Financial by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,093,275 shares of the insurance provider’s stock valued at $113,110,000 after purchasing an additional 54,687 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CINF. Bank of America cut their price objective on Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Roth Mkm increased their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Finally, 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 note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.57.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $133.97 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50-day moving average of $128.21 and a 200-day moving average of $121.15. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $139.34. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 2.63 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) 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. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is 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.