Hsbc Holdings PLC Has $66.84 Million Position in Cincinnati Financial Corporation $CINF

Hsbc Holdings PLC lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINFFree Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,932 shares of the insurance provider’s stock after purchasing an additional 29,349 shares during the quarter. Hsbc Holdings PLC’s holdings in Cincinnati Financial were worth $66,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CINF. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial in the fourth quarter valued at approximately $25,000. Motiv8 Investments LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter worth $29,000. DV Equities LLC bought a new position in shares of Cincinnati Financial in the 4th quarter valued at $36,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 108 shares during the last quarter. Finally, SHP Wealth Management acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at $44,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a report on Wednesday. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, June 26th. Roth Capital boosted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $201.00 price objective (up from $191.00) on shares of Cincinnati Financial in a report on Wednesday, July 8th. Finally, Piper Sandler lifted their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.40.

Read Our Latest Report on Cincinnati Financial

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $180.79 on Monday. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.70 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a twelve month low of $143.87 and a twelve month high of $194.81. The stock has a fifty day simple moving average of $171.96 and a 200 day simple moving average of $165.98.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned ($0.24) EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts expect that Cincinnati Financial Corporation will post 8.76 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

About Cincinnati Financial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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