Impact Partnership Wealth LLC Decreases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Impact Partnership Wealth LLC trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 61.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,825 shares of the insurance provider’s stock after selling 4,519 shares during the period. Impact Partnership Wealth LLC’s holdings in Cincinnati Financial were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. AQR Capital Management LLC raised its holdings in Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares during the period. Dimensional Fund Advisors LP raised its holdings in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock valued at $159,360,000 after buying an additional 187,934 shares during the period. Natixis purchased a new stake in Cincinnati Financial during the 1st quarter valued at $22,053,000. Bahl & Gaynor Inc. increased its stake in Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the period. Finally, TD Asset Management Inc increased its stake in Cincinnati Financial by 126.4% in the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock worth $21,259,000 after purchasing an additional 100,487 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CINF. Roth Mkm increased their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.29.

Cincinnati Financial Price Performance

CINF opened at $138.24 on Friday. Cincinnati Financial Co. has a 12-month low of $96.86 and a 12-month high of $142.25. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $135.69 and its 200-day simple moving average is $125.00. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 2.62 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 21.56%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.