National Pension Service Buys 5,350 Shares of Cincinnati Financial Corporation $CINF

National Pension Service grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,389 shares of the insurance provider’s stock after acquiring an additional 5,350 shares during the quarter. National Pension Service owned 0.15% of Cincinnati Financial worth $38,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natural Investments LLC raised its position in Cincinnati Financial by 2.1% in the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock worth $540,000 after purchasing an additional 70 shares in the last quarter. HUB Investment Partners LLC raised its stake in Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 77 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 80 shares during the period. PCA Investment Advisory Services Inc. boosted its stake in shares of Cincinnati Financial by 0.7% in the 2nd quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider’s stock valued at $1,628,000 after purchasing an additional 81 shares in the last quarter. Finally, Hanson & Doremus Investment Management boosted its stake in shares of Cincinnati Financial by 21.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 474 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CINF shares. Piper Sandler upped their price objective on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Roth Mkm restated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Wall Street Zen upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average price target of $174.33.

Cincinnati Financial Trading Up 1.0%

NASDAQ CINF opened at $162.48 on Tuesday. The company has a market capitalization of $25.35 billion, a PE ratio of 12.09, a P/E/G ratio of 3.63 and a beta of 0.66. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $169.86. The stock has a 50-day simple moving average of $163.50 and a 200 day simple moving average of $158.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.94 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. Cincinnati Financial’s payout ratio is 25.89%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.