Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 12.3% during the third quarter, HoldingsChannel reports. The firm owned 2,500 shares of the insurance provider’s stock after purchasing an additional 273 shares during the period. Kestra Private Wealth Services LLC’s holdings in Cincinnati Financial were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Qsemble Capital Management LP lifted its holdings in Cincinnati Financial by 308.1% in the 3rd quarter. Qsemble Capital Management LP now owns 25,300 shares of the insurance provider’s stock valued at $2,588,000 after purchasing an additional 19,100 shares in the last quarter. Community Financial Services Group LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $3,008,000. Blackhawk Capital Partners LLC. acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $1,333,000. Metis Global Partners LLC increased its stake in shares of Cincinnati Financial by 10.9% in the 3rd quarter. Metis Global Partners LLC now owns 8,274 shares of the insurance provider’s stock worth $846,000 after acquiring an additional 813 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Cincinnati Financial by 17.8% in the 3rd quarter. Barclays PLC now owns 445,636 shares of the insurance provider’s stock worth $45,583,000 after acquiring an additional 67,462 shares during the last quarter. Hedge funds and other institutional investors own 64.81% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $108.89 on Friday. The company has a market cap of $17.09 billion, a P/E ratio of 9.33, a P/E/G ratio of 2.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.28. The stock has a 50-day moving average of $106.64 and a two-hundred day moving average of $104.70. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $127.77.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.33. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.09 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be given a $0.81 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Monday, March 18th. Cincinnati Financial’s payout ratio is currently 27.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on CINF. Oppenheimer began coverage on Cincinnati Financial in a research note on Thursday, November 16th. They issued a “market perform” rating for the company. Citigroup initiated coverage on Cincinnati Financial in a research note on Wednesday, November 22nd. They issued a “neutral” rating and a $110.00 target price for the company. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday. Janney Montgomery Scott initiated coverage on Cincinnati Financial in a research report on Thursday, December 14th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, Piper Sandler raised their price objective on Cincinnati Financial from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $113.67.

Check Out Our Latest Stock Report on Cincinnati Financial

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average price of $102.98 per share, for a total transaction of $205,960.00. Following the purchase, the director now owns 51,542 shares of the company’s stock, valued at approximately $5,307,795.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.95% of the stock is currently owned by corporate insiders.

About Cincinnati Financial

(Free Report)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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