Regal Investment Advisors LLC Has $4.36 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Regal Investment Advisors LLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 17.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,947 shares of the insurance provider’s stock after acquiring an additional 5,503 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cincinnati Financial were worth $4,363,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH boosted its stake in Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock valued at $178,845,000 after acquiring an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cincinnati Financial by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after purchasing an additional 187,934 shares during the period. Bahl & Gaynor Inc. increased its holdings 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 purchasing an additional 107,081 shares during the last quarter. AQR Capital Management LLC lifted its stake in Cincinnati Financial by 39.4% in the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in Cincinnati Financial by 7.8% during the second quarter. Boston Trust Walden Corp now owns 757,795 shares of the insurance provider’s stock worth $89,496,000 after buying an additional 55,033 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.5 %

Shares of CINF stock opened at $135.64 on Monday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $139.34. 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 firm has a fifty day moving average of $131.77 and a 200-day moving average of $122.93. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 2.65 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. 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 during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

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 paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.39%. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CINF. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Bank of America cut their target price on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $133.57.

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.