Cincinnati Financial Corporation $CINF Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,259 shares of the insurance provider’s stock after selling 123 shares during the quarter. Cincinnati Financial accounts for 0.6% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position. Guardian Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $932,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC increased its stake in shares of Cincinnati Financial by 5.0% in the second quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock worth $226,000 after buying an additional 72 shares during the last quarter. Spire Wealth Management raised its stake in shares of Cincinnati Financial by 77.6% in the 1st quarter. Spire Wealth Management now owns 174 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 76 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 80 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in Cincinnati Financial by 5.7% in the second quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 89 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. grew its stake in Cincinnati Financial by 5.2% in the first quarter. Brass Tax Wealth Management Inc. now owns 1,886 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 94 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.6%

Shares of NASDAQ CINF opened at $156.67 on Friday. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 7.01 and a beta of 0.72. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $155.91 and its 200 day simple moving average is $149.19.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.29 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were given a $0.87 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 30.18%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CINF. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Roth Capital upped their price target on Cincinnati Financial from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.25.

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.