Rockefeller Capital Management L.P. Raises Stake in Cincinnati Financial Corporation $CINF

Rockefeller Capital Management L.P. lifted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,350 shares of the insurance provider’s stock after buying an additional 724 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.07% of Cincinnati Financial worth $15,540,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter valued at approximately $210,000. Diversify Advisory Services LLC lifted its holdings in shares of Cincinnati Financial by 7.8% during the first quarter. Diversify Advisory Services LLC now owns 2,051 shares of the insurance provider’s stock worth $287,000 after purchasing an additional 148 shares during the period. Private Advisor Group LLC grew its position in Cincinnati Financial by 32.8% in the 1st quarter. Private Advisor Group LLC now owns 10,138 shares of the insurance provider’s stock valued at $1,497,000 after buying an additional 2,506 shares during the last quarter. OneAscent Financial Services LLC grew its position in Cincinnati Financial by 96.9% in the 1st quarter. OneAscent Financial Services LLC now owns 4,142 shares of the insurance provider’s stock valued at $614,000 after buying an additional 2,038 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Cincinnati Financial by 23.0% in the 1st quarter. IFP Advisors Inc now owns 3,818 shares of the insurance provider’s stock valued at $564,000 after buying an additional 715 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the transaction, the director directly owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CINF. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Cincinnati Financial has an average rating of “Buy” and a consensus target price of $171.67.

Cincinnati Financial Stock Up 0.6%

Cincinnati Financial stock opened at $162.37 on Wednesday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $168.20. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 4.27 and a beta of 0.69. The stock’s fifty day moving average is $158.16 and its two-hundred day moving average is $152.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. Analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is 25.89%.

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.