L. Roy Papp & Associates LLP Buys Shares of 1,688 Cincinnati Financial Co. (NASDAQ:CINF)

L. Roy Papp & Associates LLP purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,688 shares of the insurance provider’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CINF. AQR Capital Management LLC lifted its stake in Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after purchasing an additional 277,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after buying an additional 187,934 shares during the last quarter. Natixis bought a new stake in shares of Cincinnati Financial during the 1st quarter worth $22,053,000. Bahl & Gaynor Inc. grew its position in Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after acquiring an additional 107,081 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Cincinnati Financial by 126.4% during the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock worth $21,259,000 after acquiring an additional 100,487 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Three investment 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, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average price target of $136.29.

Cincinnati Financial Trading Up 2.2 %

Shares of NASDAQ:CINF traded up $3.01 during mid-day trading on Friday, reaching $141.25. 857,205 shares of the company’s stock were exchanged, compared to its average volume of 708,543. 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 $142.25. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.62 and a beta of 0.66. The business’s fifty day moving average price is $136.06 and its 200-day moving average price is $125.26.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. On average, research analysts predict that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company 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. 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 dividend payout ratio is presently 21.56%.

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.