ORG Wealth Partners LLC Invests $694,000 in Cincinnati Financial Co. (NASDAQ:CINF)

ORG Wealth Partners LLC purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the third quarter, HoldingsChannel.com reports. The firm purchased 5,098 shares of the insurance provider’s stock, valued at approximately $694,000.

A number of other large investors have also added to or reduced their stakes in CINF. Exchange Traded Concepts LLC bought a new position in shares of Cincinnati Financial in the 3rd quarter worth about $174,000. Burns Matteson Capital Management LLC bought a new position in shares of Cincinnati Financial in the 3rd quarter worth about $360,000. Octavia Wealth Advisors LLC lifted its position in shares of Cincinnati Financial by 20.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 13,208 shares of the insurance provider’s stock worth $1,809,000 after buying an additional 2,263 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of Cincinnati Financial by 5.8% in the 3rd quarter. First Affirmative Financial Network now owns 3,089 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 169 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Cincinnati Financial by 1,111.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 763 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 700 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 1.0 %

CINF stock opened at $136.39 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $133.84 and its two-hundred day moving average is $124.07. 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 $21.35 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 2.38%. Cincinnati Financial’s payout ratio is currently 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of analyst reports. Roth Mkm increased their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective 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. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

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.