Cincinnati Financial Corporation $CINF Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its position in Cincinnati Financial Corporation (NASDAQ:CINFFree Report) by 17.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,922 shares of the insurance provider’s stock after purchasing an additional 9,823 shares during the period. TD Asset Management Inc’s holdings in Cincinnati Financial were worth $10,603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after purchasing an additional 525 shares during the period. Goldman Sachs Group Inc. boosted its stake in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after purchasing an additional 173,343 shares during the period. Federated Hermes Inc. acquired a new position in Cincinnati Financial during the 2nd quarter valued at about $101,000. Finally, Cerity Partners LLC boosted its stake in Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after purchasing an additional 4,674 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 1.0%

CINF opened at $163.83 on Wednesday. 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 $25.34 billion, a PE ratio of 9.37, a P/E/G ratio of 3.52 and a beta of 0.57. The stock’s fifty day moving average is $163.06 and its 200-day moving average is $163.43. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last released its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.61 billion. During the same period in the previous year, the company earned ($0.24) earnings per share. Cincinnati Financial’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 21.50%.

Analysts Set New Price Targets

Several brokerages have commented on CINF. Roth Mkm raised their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Piper Sandler raised their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Bank of America dropped their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial has an average rating of “Buy” and a consensus target price of $183.25.

Read Our Latest Research Report on CINF

Cincinnati Financial Profile

(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.

Featured Articles

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Corporation (NASDAQ:CINFFree Report).

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

Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.