Ellsworth Advisors LLC lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 644.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,187 shares of the insurance provider’s stock after purchasing an additional 35,654 shares during the quarter. Ellsworth Advisors LLC’s holdings in Cincinnati Financial were worth $6,564,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new position in Cincinnati Financial in the second quarter valued at approximately $27,000. Covestor Ltd raised its stake in shares of Cincinnati Financial by 98.8% in the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 83 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at about $34,000. Elevation Wealth Partners LLC lifted its holdings in shares of Cincinnati Financial by 230.8% in the third quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. Finally, Davis Capital Management lifted its holdings in shares of Cincinnati Financial by 7,433.3% in the third quarter. Davis Capital Management now owns 226 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 223 shares in the last quarter. 65.24% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on CINF. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating for the company in a report on Monday. Roth Capital lifted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Atlantic Securities set a $197.00 target price on Cincinnati Financial in a research note on Wednesday, July 15th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Finally, Bank of America downgraded shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $197.00 to $193.00 in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.60.
View Our Latest Report on Cincinnati Financial
Insider Activity
In other Cincinnati Financial news, Director Dirk Debbink acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the acquisition, the director directly owned 62,059 shares in the company, valued at $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.94% of the company’s stock.
Cincinnati Financial Trading Up 0.3%
Shares of NASDAQ:CINF opened at $167.22 on Friday. The company’s 50-day moving average price is $168.33 and its two-hundred day moving average price is $169.59. Cincinnati Financial Corporation has a one year low of $150.00 and a one year high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $25.66 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 2.81 and a beta of 0.52.
Cincinnati Financial (NASDAQ:CINF – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same quarter in the previous year, the business earned $1.97 EPS. On average, equities analysts forecast that Cincinnati Financial Corporation will post 8.44 EPS for the current fiscal year.
Cincinnati Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s payout ratio is presently 17.74%.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.
Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.
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