Coldstream Capital Management Inc. Boosts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Coldstream Capital Management Inc. boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,772 shares of the insurance provider’s stock after purchasing an additional 718 shares during the period. Coldstream Capital Management Inc.’s holdings in Cincinnati Financial were worth $287,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $179,305,000. Teacher Retirement System of Texas increased its position in shares of Cincinnati Financial by 61.5% in the fourth quarter. Teacher Retirement System of Texas now owns 160,543 shares of the insurance provider’s stock worth $16,610,000 after acquiring an additional 61,136 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $21,036,000. HHM Wealth Advisors LLC increased its position in shares of Cincinnati Financial by 691.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 17,331 shares of the insurance provider’s stock worth $1,793,000 after acquiring an additional 15,140 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its position in shares of Cincinnati Financial by 46.1% in the fourth quarter. Mizuho Markets Americas LLC now owns 45,892 shares of the insurance provider’s stock worth $4,748,000 after acquiring an additional 14,490 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.5 %

NASDAQ CINF opened at $117.68 on Friday. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The company’s fifty day moving average price is $118.80 and its two-hundred day moving average price is $111.51.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Co. will post 6.37 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.75%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the transaction, the director now owns 53,988 shares in the company, valued at approximately $6,126,018.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CINF. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $125.00 to $135.00 in a report on Monday, March 25th. Citigroup raised their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Finally, TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.00.

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.