SYM FINANCIAL Corp Invests $274,000 in Cincinnati Financial Co. (NASDAQ:CINF)

SYM FINANCIAL Corp purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,319 shares of the insurance provider’s stock, valued at approximately $274,000.

Several other institutional investors have also modified their holdings of the company. RS Crum Inc. bought a new position in shares of Cincinnati Financial during the second quarter worth about $438,000. Federated Hermes Inc. bought a new position in Cincinnati Financial in the 2nd quarter valued at about $89,000. Meeder Advisory Services Inc. grew its position in Cincinnati Financial by 23.4% in the 2nd quarter. Meeder Advisory Services Inc. now owns 2,830 shares of the insurance provider’s stock valued at $334,000 after buying an additional 536 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Cincinnati Financial by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 26,100 shares of the insurance provider’s stock valued at $3,070,000 after buying an additional 582 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Cincinnati Financial by 8.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 16,434 shares of the insurance provider’s stock valued at $1,941,000 after buying an additional 1,311 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.9 %

Shares of NASDAQ:CINF opened at $135.12 on Friday. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $139.34. 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 market cap of $21.11 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 2.60 and a beta of 0.66. The firm has a 50 day simple moving average of $128.58 and a 200 day simple moving average of $121.25.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping the consensus estimate of $0.96 by $0.33. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. Cincinnati Financial’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, research analysts expect that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th will be issued a $0.81 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.40%. Cincinnati Financial’s dividend payout ratio is 21.56%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CINF. Bank of America decreased their target price on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Roth Mkm increased 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, Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $133.57.

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.