Cincinnati Financial Corporation $CINF Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,554 shares of the insurance provider’s stock, valued at approximately $2,845,000.

A number of other hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Cincinnati Financial by 38.5% in the 3rd quarter. Brighton Jones LLC now owns 3,150 shares of the insurance provider’s stock worth $502,000 after buying an additional 875 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Cincinnati Financial during the third quarter valued at approximately $350,000. Pictet Asset Management Holding SA increased its stake in shares of Cincinnati Financial by 8.2% during the third quarter. Pictet Asset Management Holding SA now owns 73,315 shares of the insurance provider’s stock valued at $11,684,000 after buying an additional 5,542 shares during the period. AlphaCentric Advisors LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at approximately $127,000. Finally, United Advisor Group LLC raised its holdings in shares of Cincinnati Financial by 0.9% during the third quarter. United Advisor Group LLC now owns 6,678 shares of the insurance provider’s stock valued at $1,064,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $185.48 on Monday. The stock’s 50 day simple moving average is $170.86 and its two-hundred day simple moving average is $168.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.94 and a beta of 0.48. Cincinnati Financial Corporation has a fifty-two week low of $153.40 and a fifty-two week high of $195.72.

Cincinnati Financial (NASDAQ:CINF – Get Free Report) last posted its earnings results on Monday, October 26th. The insurance provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.81. Cincinnati Financial had a return on equity of 9.48% and a net margin of 20.07%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the business earned $2.85 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts expect that Cincinnati Financial Corporation will post 9.21 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, September 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. Cincinnati Financial’s payout ratio is currently 22.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CINF. Bank of America lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a research report on Monday, October 12th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Roth Capital upped their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.60.

Read Our Latest Analysis on Cincinnati Financial

Key Headlines Impacting Cincinnati Financial

Here are the key news stories impacting Cincinnati Financial this week:

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This trade represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.94% of the stock is owned by corporate insiders.

Cincinnati Financial Company Profile

(Free Report)

Cincinnati Financial Corporation is an insurance holding company founded in 1950 and headquartered in Fairfield, Ohio. Its principal subsidiary, The Cincinnati Insurance Company, provides property and casualty insurance to businesses and individuals.

The company offers commercial and personal insurance through independent insurance agencies, along with specialty coverage for risks that may not fit standard insurance programs. Its other operations include life insurance, reinsurance and investment management.

Cincinnati Financial serves customers across the United States through its network of independent agents.

Further Reading

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

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