Cincinnati Financial Corporation $CINF Holdings Raised by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 440.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,696 shares of the insurance provider’s stock after purchasing an additional 18,495 shares during the period. Squarepoint Ops LLC’s holdings in Cincinnati Financial were worth $3,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. ORG Partners LLC lifted its stake in shares of Cincinnati Financial by 5.0% in the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 72 shares during the last quarter. HUB Investment Partners LLC raised its holdings in Cincinnati Financial by 3.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 77 shares during the period. Forum Financial Management LP lifted its position in Cincinnati Financial by 2.1% during the 2nd quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 80 shares during the last quarter. PCA Investment Advisory Services Inc. lifted its position in Cincinnati Financial by 0.7% during the 2nd quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider’s stock worth $1,628,000 after acquiring an additional 81 shares during the last quarter. Finally, 3Chopt Investment Partners LLC boosted its stake in Cincinnati Financial by 5.7% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 1,641 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 89 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the acquisition, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday. Roth Capital reiterated a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $171.67.

Cincinnati Financial Stock Down 1.0%

Cincinnati Financial stock opened at $165.42 on Wednesday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The firm has a market capitalization of $25.81 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 4.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50 day simple moving average is $161.23 and its 200 day simple moving average is $154.86.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is 25.89%.

Cincinnati Financial Company 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.