SG Trading Solutions LLC bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,365 shares of the insurance provider’s stock, valued at approximately $713,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lodestone Wealth Management LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $25,000. Motiv8 Investments LLC purchased a new stake in Cincinnati Financial during the 4th quarter valued at about $29,000. Redmont Wealth Advisors LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at about $30,000. DV Equities LLC bought a new stake in Cincinnati Financial during the 4th quarter valued at about $36,000. Finally, Legacy Wealth Managment LLC ID increased its stake in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 108 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.
Cincinnati Financial Price Performance
NASDAQ CINF opened at $170.25 on Friday. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The stock has a 50-day moving average of $164.62 and a 200 day moving average of $163.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $26.34 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.72 and a beta of 0.57.
Cincinnati Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 21.50%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bank of America cut their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 11th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.25.
View Our Latest Analysis on Cincinnati Financial
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.
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