Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 4,121 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 15.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,539 shares of the insurance provider’s stock after buying an additional 4,121 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cincinnati Financial were worth $3,226,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CINF. American Century Companies Inc. boosted its holdings in shares of Cincinnati Financial by 14.4% in the 1st quarter. American Century Companies Inc. now owns 12,234 shares of the insurance provider’s stock valued at $1,663,000 after buying an additional 1,536 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of Cincinnati Financial in the 1st quarter valued at about $779,000. Cibc World Market Inc. bought a new stake in shares of Cincinnati Financial in the 1st quarter valued at about $713,000. Blair William & Co. IL boosted its holdings in shares of Cincinnati Financial by 12.1% in the 1st quarter. Blair William & Co. IL now owns 3,319 shares of the insurance provider’s stock valued at $451,000 after buying an additional 357 shares in the last quarter. Finally, Aviva PLC boosted its holdings in shares of Cincinnati Financial by 56.5% in the 1st quarter. Aviva PLC now owns 92,169 shares of the insurance provider’s stock valued at $12,531,000 after buying an additional 33,270 shares in the last quarter. 64.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Janney Montgomery Scott assumed coverage on shares of Cincinnati Financial in a research note on Thursday, December 14th. They issued a “neutral” rating and a $110.00 target price for the company. Oppenheimer assumed coverage on shares of Cincinnati Financial in a research note on Thursday, November 16th. They issued a “market perform” rating for the company. Piper Sandler lifted their target price on shares of Cincinnati Financial from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Citigroup assumed coverage on shares of Cincinnati Financial in a research note on Wednesday, November 22nd. They issued a “neutral” rating and a $110.00 target price for the company. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Hold” and a consensus target price of $113.67.

Read Our Latest Report on Cincinnati Financial

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $110.53 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $127.77. The company has a 50 day simple moving average of $106.78 and a two-hundred day simple moving average of $104.77. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.49 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the business posted $1.27 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, analysts predict that Cincinnati Financial Co. will post 6.14 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.93%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Monday, March 18th. Cincinnati Financial’s payout ratio is 25.71%.

Insider Activity

In other news, Director Dirk J. Debbink bought 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $102.98 per share, with a total value of $205,960.00. Following the acquisition, the director now directly owns 51,542 shares in the company, valued at $5,307,795.16. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.84% of the company’s stock.

Cincinnati Financial Profile

(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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